The Phaserl


Things That Make You Go Hmmm… Like India’s ‘Gold Refuge’ From “The Establishment”

from ZeroHedge:

Westerners aren’t used to the kind of inflation levels, government confiscation, and currency volatility so common in places like India; and so the need to own gold as protection isn’t fully appreciated in the West. Westerners pay lip service to gold’s being “an inflation hedge” or “a currency” or “a safe asset”, but these terms are used in an extremely abstract way by the vast majority of the investing public, who see gold as mostly just another trading vehicle. India’s love affair with gold is well-understood in Asia but completely misunderstood in the West — a phenomenon we have always found fascinating — but recently it has become abundantly clear that this disconnect is widening almost daily as the Western fixation with ‘The Gold Price’ and the Eastern obsession with ‘The Price of Gold’ take ever more divergent paths… In short, Asians like their gold to be heavy, shiny, and made of … well, gold.

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1 comment to Things That Make You Go Hmmm… Like India’s ‘Gold Refuge’ From “The Establishment”

  • 8Ball

    Things That Make You Go Hmmm… ???

    Like constantly posting links to RTV propaganda on this site?

    RTV is quite popular nowadays but I would take it all in with a grain of Salt.

    “Speaking of the Russian media, and in particular the Voice of Russia, I recently discovered another example of how the VOR is engaged in state-sponsored propaganda activities. Approximately 6 weeks ago, I had the pleasure of interviewing Blaine Cooper and I published the contents of the interview on my website along with a video in which he appropriately confronted Sen. John McCain for being a traitor and telling the senator at a town hall meeting in Prescott, Arizona, that he should immediately resign. The video and Cooper’s accompanying story subsequently went viral. Like myself, Cooper was approached by the Russian propagandists at the VOR and asked for an interview. Mr. Cooper contacted me yesterday and informed me that he was very unhappy with the Russian media because they had inappropriately characterized his interview in much the same fashion that they had done to me. The intent of the Russians was to cast an area of controversy in his confrontation with John McCain as an example of the military versus the government. The VOR inaccurately and inappropriately characterized Mr. Cooper as a former member of the American military. Mr. Cooper makes it clear to everyone that he has never been in the American military.”

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