Friday Families, who are estimated to hold about 80{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} of the accumulated Gold in India, have been offered a scheme by the Modi government that seeks to put that their Gold to use – government use. On offer is 2.5{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} interest; not bad for Gold. … [Read more...]
Cowboy in India
Monday I’ve received a couple comments (one from the US and one from Italy) re the rise in the price of Gold in India, due to the overnight ban on the common denomination Rupee notes. Some points to understand… 1 It is not, as claimed, an attempt to stop corruption; stop corruption in India and the whole country will grind to a halt. Only a small percentage of … [Read more...]