https://www.msn.com/en-us/money/markets/india-s-finance-minister-says-crypto-cannot-be-recognized-as-legal-tender/ar-BB1k5wfD
BRICS countries don't want competition for a CBDC.
http://www.bloomberg.com/news/2014-05-19/modi-to-use-solar-to-bring-power-to-every-home-by-2019.html
That's a lot of solar panels. That's a lot of silver.
This proves the paper games that are being played in a big way right now !
Especially today !!
Its up 40% year to year for crimanny sakes !
February 16, 2013
MUMBAI: India’s gold imports in January surged 23 per cent from a year ago to their highest in 18 months as traders snapped up...
http://www.24hgold.com/english/news-gold-silver-india-s-government-seeks-to-dissuade-people-from-investing-in-gold.aspx?article=3952790814G10020&redirect=false&contributor=Chris+Powell
"Worried over the flow of savings for investment in gold, Finance Minister Pranab Mukherjee on Saturday said...
http://www.goldmoney.com/gold-research/roman-baudzus/gold-etfs-thorn-in-the-eye-of-indian-jewellery-traders.html
The increased import duty has already been announced. :flushed:
I thought Indians as a whole were smarter than this. :paperbag:
Looks like gold demand in India is charging full speed ahead:
More: http://www.goldmoney.com/gold-research/roman-baudzus/gold-price-hits-new-record-high-in-india.html