The Federal Trade Commission (FTC), the nation's consumer protection agency, says if you are interested in buying gold, do some digging before investing. Some gold promoters don't deliver what they promise, and may push people into an investment that isn't right for them. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them[Visit site]
SGBs are government securities denominated in grams of gold. The RBI describes the basic function as:"to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth."[Visit site]
The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. We are a unique organisation that delivers tangible benefits to the gold industry. As the market development organisation for the gold industry, we strive to make gold mainstream[Visit site]
The mission of the U.S. Mint is to serve the American people by manufacturing and distributing circulating, precious metal and collectible coins and national medals, and providing security over assets entrusted to us. Since our institution’s founding in 1792, the Mint has taken great pride in rendering the story of our nation in coins. To hold a coin or medal produced by the Mint is to connect to the founding principles of our nation and the makings of our economy[Visit site]
Retail gold investments offer many, exciting opportunities to access the gold market. As with any investment, the more you know, the better able you are to make the right choice. This Retail Gold Investment Investor Guidance aims to help you to differentiate between providers, understand which products are the most suitable for you and, through this knowledge, to put your trust in gold[Visit site]
Banks and other big investors do buy gold, other precious metals, and commodities like oil, to hedge against inflation and other economic risks. Some investment advisers may even recommend that individual investors put small percentages of their diversified portfolios in precious metals too. But that doesn’t mean that gold or silver or other metals are “safe” places to park your wealth[Visit site]
NITI Aayog is developing itself as a State-of-the-art Resource Centre, with the necessary resources, knowledge and skills, that will enable it to act with speed, promote research and innovation, provide strategic policy vision for the government. NITI Aayog, to recommend measures for tapping into the potential of the gold market in India to provide a stimulus to exports, economic growth and employment[Visit site]
The IMF’s fundamental mission is to ensure the stability of the international monetary system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members. IMF is an organization of 189 countries[Visit site]
Bank of England provide safe custody for the United Kingdom’s gold reserves, and for other central banks. This supports financial stability by providing central banks with access to the liquidity of the London gold market. We also provide gold accounts to certain commercial firms that facilitate access for central banks to the London gold market[Visit site]