Monday, December 2, 2013

Gold: The Role Of India

I think there will be a better chance to buy gold later. I own gold, I have not sold and I am not selling any of my gold. I hedge some of my gold. I think there will be a better chance to buy.

The indians who are the largest buyers, or have been the largest buyers of gold in the world, indian politicians are doing their best to stop indians from buying gold. They have been very successful in the last few months.

Worse than that. The indian politicians are now trying to make indians sell their gold. many of the indian temples over the last few centuries have built up huge stock piles of gold. Now the politicians want them to sell it. If those indian temples start selling gold, who knows how low will it go.