Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Gold Stocks: Poised To Outperform Everything Stewart Thomson Dovish CPI: A Super Surge For Gold? Stewart Thomson The Anti-Concepts of Money: Conclusion Keith Weiner Gold Stocks: Good Times Are Here Stewart Thomson Gold Price Reaction: Key Zones To Buy Stewart Thomson

ranbotrader
Member since May 2012
188 commentaries - 1 follower

1 followers

has posted a comment on the article :

India's Gold Currency Controls

- Miguel Perez-Santalla - Bullion Vault

"...the outflow of capital.....".

What this article does not encompass is attempts from incumbent governments to stop manipulation from currency traders, many of them from the US, who greatly distort a currency once they decide to play it one way or the other. This cannot be over stated and blaming governments for intervening whilst players like Souros gamble with the country's economic viability is understandable. This occurs with well run economies as well as poorly run ones.

Whilst India has a extensive corruption the poor are often caught out one can understand that average Indians are looking for a perceived safe investment. This is where gold comes into the picture.

Commented 3878 days ago

Send

Beginning of the headline :Currency controls like India's block on gold imports is a symptom, not a cure... WHAT'S GOING on in India is nothing new, writes Miguel Perez-Santalla at BullionVault. We've seen it over and over again throughout struggling economies. It's called currency control. These attempts to control movement of currency are very common when a government is faced with problems like India's. They actually create a more crippling environment than the one they are put in place to improve. And make no m... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis