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Riyadh Chamber Gold and Minerals Committee Vice Chairman Musaed Karim confirmed that there are irregular investors in the gold market who have not been subjected to the necessary restrictions.
And he explained during his interview on the program “Ya Hala” on the channel “Rotana Khaleejia”, today (Sunday), that the Saudi businessman found himself obliged to respect the decisions of struggle. against commercial concealment, correct location rates, costs, invoicing and submission. tax reports, while secrets manipulated the numbers.
He revealed some ways to manipulate the gold market, as some traders are present in the gold markets by selling commodities at prices below cost, noting that they do so because their profit comes from the 15% value added tax, because they do not regularly submit their taxes and invoices.
Musaed Karim – Vice Chairman of the Riyadh Chamber Gold and Minerals Committee:
There are irregular investors in the gold market, and these are the most well-known methods of manipulation. #Yahla_program #Rotana_Gulf pic.twitter.com/oZemgK1J89– Ya Hala Program (@YaHalaShow) 10 October 2021
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