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12/08/2016 Live Update

K447
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Re: 12/08/2016 Live Update

Post by K447 »

Al_Dente wrote:LAST WEEK: India bans large denominations of cash, and the government then approves raiding houses, no questions asked, to confiscate gold and gold jewelry. It is believed that these kinds of actions will increase the demand for gold.
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The India cash thing started back in November, no?

https://en.wikipedia.org/wiki/Indian_50 ... netisation

This gold story is dated Dec 2

http://indianexpress.com/article/busine ... s-4405888/

Not sure how taxman seizures of 'excessive' gold from individuals will create more gold demand?
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