Tuesday, July 14, 2015

For Indians, paper gold can't beat the real thing

Read between the lines.  The Indian government is demonizing--even criminalizing, citizens owning physical gold.  Paper gold is fine is their minds.  So are fine art, exotic sports cars, and high-end mansions.  But if someone wants to own physical gold they can carry around in their pockets?  Blasphemy!

Even the semantics are derogatory.  They have the gall to label physical gold "black money."

When the corrupt authorities and insolvent governments discourage the masses from owning a particular asset, it might be in the hoi polloi's best interests to own that very same asset.


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