A South Korean custodian made quite a find while emptying a garbage can at the Incheon International Airport last week. Inside the bin, the cleaner found seven gold bars wrapped in newspaper valued at $330,000.
That’s one heck of a good day’s at work, right? Bonus! Right?
Nope. Not so fast. As it turns out, the cleaner probably won’t get a dime, despite a South Korean “finders keepers” law.
When it comes to Bitcoin, you can count on one thing – volatility.
The price of Bitcoin plunged more than 11% Thursday morning, dipping below the $14,000 level after the South Korean government announced plans to more tightly regulate cryptocurrencies.
Despite rising prices, a tax increase, and government attempts to tighten regulation of the jewelry industry, gold continues to flow into India.
Gold imports into the country nearly tripled year-on-year in August. An estimated 60 tons of the yellow metal flowed into the Asian nation last month, up from 22.3 tons in August 2017. This continues a trend for the year. Over the first 8 months of 2017, India’s gold imports climbed to 617.5 tons, a 158% increase over 2016.