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ranbotrader
Membre depuis mai 2012
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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.

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Début de l'article :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... Lire la suite

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