2016年11月17日 星期四

Stunning Scenes Of Panic As Gold Price Skyrockets to $2800/oz In India After Currency Ban

政府一個反貪污行動, 變成貪污的資源, 不貪污的人都加入貪污隊伍 !

一個亂局, 可以顯示實金實銀的重要性 !

www.silverdoctors.com全文

97% of the Indian economy is cash-based. With 88% of all outstanding currency no longer usable, the economy is coming to a standstill. The daily-wage laborer, who leads a hand-to-mouth existence in a country with GDP per capita of a mere $1,600, no longer has work, as his employer has no cash to pay his wages.  His life is in utter chaos.
People are now converting whatever they can into gold, silver, and mostly for the first time into the US dollar and other foreign currencies as well, all of which are trading at huge premiums.
Money is also moving out of the country.
Gold has shot up to as much as $2,800 per ounce, if you can find it…



By Jayant Bhandari, Acting-Man via ZeroHedge:

People are now converting whatever they can into gold, silver, and mostly for the first time into the US dollar and other foreign currencies as well, all of which are trading at huge premiums. Money is also moving out of the country. Gold has shot up to as much as $2,800 per ounce, if you can find it.

Lesson for Modi: The reason people trust Switzerland is because it has hundreds of years of history of protecting private property. Singapore has done an equally good job, but it still lags behind Switzerland, because trust requires a very, very long history of institutional honesty and integrity. India is back to level zero for now. When future generations look back, they will see the current demonetization as the worst event in the history of post-colonial India.

Finally, the new bills have actually worsened the counterfeiting problem they were supposed to solve. People do not have any experience with what the new banknotes look like. Within a mere three days, counterfeits are already in circulation. Contrary to the government’s claims, the new bills are not any more sophisticated than the old ones and are made of simple paper.

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