Sunday, July 14, 2013

Granny’s Gold Bars Are Key to Vietnam Push to Boost Dong

So the governments of India and Vietnam are trying to discourage their citizens from hoarding gold.  These citizens are only protecting themselves from corrupt central bank monetary policies.  It sounds familiar to the Fed and it's anti-gold campaign.

Meanwhile, black markets and smuggling have increased in India and Vietnam, because the smart money knows when official government policies try to dissuade its citizens from any asset, that asset will become more scarce and more valuable.  In other words, the governments' plan to ban gold imports will only backfire, as demand increases.

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