Protests Slam India’s Economy As “The Concept Of Money Dies”
by Jayant Bhandari via Acting-Man.com,
ZeroHedge.com
Dec 1, 2016
Fear has gripped the bullion market, for one is deemed to be guilty until proven otherwise. People with perfectly legal cash are afraid of cameras recording their purchases and having to pay outrageous bribes. After an adjustment period people will buy more — not less — gold. For now, the gold market has gone mostly underground with the gold price hovering around US$1,700 per ounce. Did Modi want to boost the informal economy?
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