India's Ivermectin Blackout - Part V: The Secret Revealed

https://www.thedesertreview.com/opinion/columnists/indias-ivermectin-blackout---part-v-the-secret-revealed/article_9a37d9a8-1fb2-11ec-a94b-47343582647b.html

Devastating Collapse Looms As India Sees The Price Of Gold Selling At A Jaw-Dropping $1,600 – $3,000

The official spot price of gold matters little (currently $1173/oz.).  The "unofficial" (i.e. black market) price of physical gold in India is between $1600 - $3000/oz.--if one can get it.  The Indian government's ban on cash is having unintended consequences, as do most artificial interventions by governments and treasuries.

http://kingworldnews.com/a-devastating-collapse-looms/

The Bankers’ India Gold Grab: An Update - Jeff Nielson

https://www.sprottmoney.com/blog/the-bankers-india-gold-grab-an-update-jeff-nielson.html

Is This The Start Of India's Gold Confiscation?

http://www.zerohedge.com/news/2015-09-10/start-indias-gold-confiscation

In India, Gold Is Not Only Money But Now Pays Interest

"Don't worry:  when the crap hits the fan, we'll return your gold.  We promise." - Indian banks

Folks, possessing physical gold is equivalent to having insurance against financial catastrophe.  Hence, why would one store it inside financial institutions?  The whole concept of owning physical precious metals bullion is to get it OUT of the financial system.

Custodial accounts are fine, depending on the jurisdiction.  Switzerland and Singapore come to mind.  Banks...not so much.

http://www.zerohedge.com/news/2015-05-20/india-gold-not-only-money-now-pays-interest

India scraps restrictions on gold imports

http://www.ft.com/intl/fastft/243352/post-243352

India Slams US Global Hegemony By Scuttling Global Trade Deal, Puts Future Of WTO In Doubt

This is another failure for US foreign policy and USDollar hegemony.  India's pivot away from the WTO and toward Russia/China alliance is another huge blow to the dollar as global reserve currency.

http://www.zerohedge.com/news/2014-08-01/india-slams-us-global-hegemony-scuttling-global-trade-deal-puts-future-wto-doubt

Russia And India Begin Negotiations To Use National Currencies In Settlements, Bypassing Dollar

http://www.zerohedge.com/news/2014-07-31/russia-and-india-begin-negotations-use-national-currencies-settlements-bypassing-dol

India’s Central Bank Will Sell Gold on the Market in Exchange for Gold at the Bank of England

Here is my take:  as London runs out of physical gold, they have convinced the Indian central bank to store their physical inventory in London, in exchange for paper gold.  All in the name of monetary "flexibility" for India.

Sounds like a rotten deal for India:  give London real money in return for fake money.

http://libertyblitzkrieg.com/2014/07/02/indias-central-bank-will-sell-gold-on-the-market-in-exchange-for-gold-at-the-bank-of-england/

A Forgotten Friend: Gold Investors Should Welcome The Bengal Tiger

http://seekingalpha.com/article/2223873-a-forgotten-friend-gold-investors-should-welcome-the-bengal-tiger?ifp=0

Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China

http://www.zerohedge.com/news/2014-03-21/petrodollar-alert-isolated-west-putin-prepares-announce-holy-grail-gas-deal-china

China Surpasses India As Biggest Buyer Of Gold Following Record 2013 Imports, Consumption

http://www.zerohedge.com/news/2014-02-10/china-surpasses-india-biggest-buyer-gold-following-record-2013-imports-consumption

The Gold Rush Spreads From China And India To Saudi Arabia

http://www.zerohedge.com/news/2013-12-24/gold-rush-spreads-china-and-india-saudi-arabia

India might buy gold from citizens to ease rupee crisis

Firstly, India has a severe current account deficit because they import more goods and services than they export (see the US, UK, Japan).  As long as the country spends above their means, they will continue to run a deficit.  Secondly, Indian citizens are importing gold in record amounts due to the Rupee rapidly losing its currency exchange value from the government's overspending.  This should sound familiar to most western developed economies.

Indians are merely buying gold to protect their purchasing power against a sinking currency, issued by an increasingly profligate sovereign currency printing press.  The public has been doing this for centuries, as the country has been afflicted by incompetent and corrupt governments since recorded history.  Buying gold for Indians is beyond cultural--it's in their DNA.

Due to prodding from the Fed and Bank of England, the Indian government has attempted to discourage the importation of gold by its citizens, but raising the import tax five times to 10% has not deterred citizens from importing gold.  If anything, the government's strategy has backfired, as soaring demand has been met by record smuggling.

It is indeed tragically sad that India's government is attempting to impoverish its own citizens due to pressure from central bankers in the UK and the US.  Apparently, India still acts like a British colony.

http://www.reuters.com/article/2013/08/29/us-india-economy-gold-idUSBRE97S0IW20130829

Chart of the Week: India gold price at all-time high

http://www.sprottgroup.com/thoughts/articles/chart-of-the-week-india-gold-price-at-all-time-high/

As its Currency Collapses, India Doubles Down on Big Brother Surveillance

http://libertyblitzkrieg.com/2013/08/19/as-its-currency-collapses-india-doubles-down-on-big-brother-surveillance/

Is A Foundering India About To Flood The Gold Market With 200 Tons Of "Leased" Gold

The circus of lies stacked on top of accounting lies, convoluted with more lies continues unabated in India, as bookkeeping entries replace actual physical gold.

http://www.zerohedge.com/news/2013-08-21/foundering-india-about-flood-gold-market-200-tons-leased-gold

China to beat India as biggest gold user

http://www.china.org.cn/business/2013-08/13/content_29700203.htm

India's gold guzzling still high, spurs neighbours to act

"Mumbai, we have a problem..."

http://in.reuters.com/article/2013/08/12/india-gold-idINDEE97B0AD20130812

Diamond Jeweler Turns Alleged Smuggler as India Gold Prices Rise

http://www.bloomberg.com/news/2013-08-06/diamond-jeweler-turns-alleged-smuggler-as-india-gold-prices-rise.html