India starts a nationwide gold grab
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India starts a nationwide gold grab
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
- H. L. Mencken
- H. L. Mencken
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Libertarian666
- Executive Member
- Posts: 5994
- Joined: Wed Dec 31, 1969 6:00 pm
Re: India starts a nationwide gold grab
I think that is a bit alarmist. After all, who says they will necessarily grab it if it is deposited?
Not that I would do so if I lived there, of course.
Not that I would do so if I lived there, of course.
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MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: India starts a nationwide gold grab
They don't use gold as money over there but for some really over the top fetish for weddings, dowries and gifts. Monetizing all those shiny, useless, barbarous lumps of jewelry could invorigate their moribund, post-socialist economy by increasing liquidity for risk taking.rocketdog wrote: Shades of FDR in 1933?
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!