‘Gold Is Now Effectively Illegal’ In India – The Consequences Of Creating A Cashless Society

According to Tyler Durden of Zero Hedge, in India gold ownership will be limited to only small amounts of personal jewelry.  “There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal,” writes Durden. Here’s his report:

Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking.

“The situation is getting worse by the day… people are desperate”

Jayant provides the clearest explanation of where India is (and where it is going) in the brief interview with ProvenAndProbable.com’s Maurice Jackson

View article →

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