India is slowly going to ban gold. At this moment unmarried
women is entitled to 500g, unmarried 250g and guys to 100g. No
restrictions on jewelry only if inherited. Everything above can be
confiscated. Gold is loosing its save haven status. So no wonder
Gold is moving lower. In my previous post I looked at weekly and
monthly charts and saw gold going possibly below 1000 next year
India is slowly going to
Posted by mulisko on 9th of Dec 2016 at 01:46 pm
India is slowly going to ban gold. At this moment unmarried women is entitled to 500g, unmarried 250g and guys to 100g. No restrictions on jewelry only if inherited. Everything above can be confiscated. Gold is loosing its save haven status. So no wonder Gold is moving lower. In my previous post I looked at weekly and monthly charts and saw gold going possibly below 1000 next year
I think this is bullish
Posted by cal1 on 9th of Dec 2016 at 01:50 pm
I think this is bullish for gold. If a government wants to confiscate gold it's for a reason and that is not for the safety of citizens.