Tuesday, May 7, 2013

Why RBI’s fresh attack on gold is also doomed to fail

...................However, at a time when gold prices are falling, the RBI action seems more like vengeful action. What lies behind this? The unstated reason why governments and central banks dislike gold is simple: gold is money, and they don’t like anyone else creating money even when they won’t restrain their own excessive printing and debauching of paper money.............

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