high current account deficit. Rather than tackling the root cause of the problem, bankers are again tackling the symptom which is demand for gold. However, the anti gold stance and attempts to curb gold demand in India by the government is leading to some 25%of gold flows into India coming from irregular channels. A warning for anti gold and anti free market governments everywhere.

A further slide in the yen led to more buying of gold futures on the Tokyo Commodity Exchange (TOCOM), with the most active contract, currently December, hitting a record for the fifth consecutive day at 5,073 yen a gram – over 0.157 million yen per ounce.

The U.S. Mint reported their bullion coin sales figures for February. Interestingly, no gold eagles or gold buffaloes (1 ouncealso:

OrcaPod, being developed by Hyperloop India — one of the five teams shortlisted for Hyperloop One Global Challenge — can reach speeds up to 460 kmph. Hyperloop envisages transporting passengers or goods inside capsules put inside a vacuum created in special tunnels above the ground at speeds of over 1,000 kmph.

The pod will be raced inside a mile-long vacuum tube built by SpaceX at Hawthorne in California, the official said.

Hyperloop Transport Technologies had met Prime Minister Narendra Modi and several others, including chief ministers of various states, expressing interest in starting the project in India.