Surprise! Surprise!  Nobody wants to talk about gold.

@Ramakant-P posted:

Surprise! Surprise!  Nobody wants to talk about gold

Uncle Rama ,gold find is nothing new ,for ages there is gold in Guyana. Most of the large scale gold revenues are shipped out of Guyana by foreign companies. The country gets the crumbs.What could have been more beneficial are if Local Companies was more involved in large scale gold exploration.

@Django posted:

Uncle Rama ,gold find is nothing new ,for ages there is gold in Guyana. Most of the large scale gold revenues are shipped out of Guyana by foreign companies. The country gets the crumbs.What could have been more beneficial are if Local Companies was more involved in large scale gold exploration.

No! That's not true!  There is an excise tax on raw gold. In order to encourage manufacturing, manufactured articles are duty-free. The Last time I checked Jewelry was classified under manufactured articles.

Get your facts straight.

@Ramakant-P posted:

No! That's not true!  There is an excise tax on raw gold. In order to encourage manufacturing, manufactured articles are duty-free. The Last time I checked Jewelry was classified under manufactured articles.

Get your facts straight.

How much Gold extracted by  Foreign Companies are on the local market ?

@Django posted:

How much Gold extracted by  Foreign Companies are on the local market ?

How many companies manufacturing Jewelry in Guyana? I do not know the local consumption.

I used to pass the export documents for shipping raw gold.

@Ramakant-P posted:

How many companies manufacturing Jewelry in Guyana? I do not know the local consumption.

I used to pass the export documents for shipping raw gold.

There are many Goldsmiths ,I am sure you know about their craftsmanship.None of the Gold extracted by Foreign Companies are on the local market.

@Django posted:

There are many Goldsmiths ,I am sure you know about their craftsmanship.None of the Gold extracted by Foreign Companies are on the local market.

Then the Government would collect excise taxes on the gold.  I do not see the problem. The goldsmiths are getting their raw gold from local miners.

Then there are silver and other minerals from which the government collects taxes.

@Ramakant-P posted:

Then the Government would collect excise taxes on the gold.  I do not see the problem.

The goldsmiths are getting their raw gold from local miners.

Then there are silver and other minerals from which the government collects taxes.

Guyana receiving pittance and don't have a problem ,quite interesting.

@Django posted:

Guyana receiving pittance and don't have a problem ,quite interesting.

Banna, you don't know how much the government receives from mining.

I don't know what you are blaming the government for?

@Ramakant-P posted:

Banna, you don't know how much the government receives from mining.

I don't know what you are blaming the government for?

Can you tell us how much Guyana gets from gold mining by Foreign Investors ?

Which government ? did I mention if Local Companies was involved in large scale mining,Guyana will get more ?

The government should use part of the oil money interest to buy gold.

Prashad don't buy gold he buys silver. Does Guyana have silver?

@Prashad posted:

Prashad don't buy gold he buys silver. Does Guyana have silver?

Yes! They have gold, silver, diamond, manganese, and even bauxite. Copper is found on the Roraima mountain range. oil and gas are found in the Atlantic. Do you think that Guyana is going to be rich or the naysayers would try to obstruct the government from removing the wealth carefully and systematically from the area in which they are found?