Wednesday, May 15, 2013

Govt, RBI are again getting it all wrong on Gold

.........All this takes gumption and a farsighted vision of what gold can really do for the economy. Instead, GoI and RBI are treating us like addicts. They are hoping that giving us the cold turkey will set things right. But you can never fight human nature. Clampdown on gold will be like the prohibition on liquor in Gujarat. Consumers and smugglers will have the last laugh.

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