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Will India Stop Buying Gold? - Jeff Clark - Casey Research

India is still buying gold, but instead of buying it with the Rupee they are trying to buy with some other type of exchange like the dollar,since their fiat currency has crashed. http://soni2006.hubpages.com/hub/dollar-up-and-rupee-down---why The US and businesses here are wrecking havoc in India. Here in the West businesses have to have the appearance of doing real well financially and are again misleading their stockholders by showing on their balance sheets they are doing exceptionable well, when in fact their companies are in deep financial trouble. Company`s here in the US are pulling out their investments out of India. Due to this pulling out of investment by these big companies from India or in terms of disinvestment, demand of the Dollar is raising up and the Rupee is depreciating. When our currency crashes its going to be hard to have a standard other than cash to purchase what we need. The only standard that we had in the past was physical gold, & silver upon to buy what we need. The central bankers, the Fed are trying to put a good face on fiat currency once again.

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Beginning of the headline :We've read mixed reports about how lofty gold and silver prices are affecting demand in India. One month we're told demand is up, and the next it's supposedly down. I'm not suggesting that official reports are inaccurate, but it is admittedly confusing and doesn't help us understand the real trend in the country... Read More

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