To: Nachum
One reason....India is one of the biggest buyer of retail gold in the world. India just passed a law imposing higher tariffs on imported gold. Indian purchases have dived as a result.
51 posted on
01/03/2014 11:53:15 AM PST by
entropy12
(Great republics wither when more people figure out they can get free stuff by electing socialists.)
To: entropy12
One reason....India is one of the biggest buyer of retail gold in the world. India just passed a law imposing higher tariffs on imported gold. Indian purchases have dived as a result. Gold demand and deliveries remain high. India is only one of numerous buyers of gold. Russia and China are both stockpiling record amounts. There is absolutely logical reason for the metal to be at it's current price except that it is being artificially depressed.
61 posted on
01/03/2014 12:44:31 PM PST by
Nachum
(Obamacare: It's. The. Flaw.)
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