Modi's landslide election victory in India is a huge seachange for the world's largest democracy because it has overturned the corrupt Nehru-Gandhi political dynasty that has stifled the country in endless socialism and bureaucracy since 1947. And unlike Obama, Modi actually has 12-years of practical experience of walking the talk (cutting red tape, fighting corruption, building infrastructure) when he was head of a state. Modi could also light a fire under gold demand if his new government gets rid of the 10% import duty and the requirement that 20% of all imports be re-exported. India definitely falls into the "60% Club" although its a little late from the actual bottom.
http://www.cnn.com/2014/05/16/world/asi ... i-profile/
Meet India's Pro-Business, Hindu Nationalist PM-in-Waiting
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MachineGhost
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Meet India's Pro-Business, Hindu Nationalist PM-in-Waiting
Last edited by MachineGhost on Mon Jun 02, 2014 5:59 pm, edited 1 time in total.
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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!