SocGen: "Sharp Rise In Gold" As India Plans Cap On Cash Holdings
posted on
Nov 20, 2016 11:59AM
India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."
The daily images of utter chaos in India that has brought the conutry's economy to a standstill since they unleashed their war on cash...
YOUTUBE VIDEO LINK...
Uncertainty has gripped the populace
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