from The Daily Bell:
India women’s group seeks limit on gold given at weddings … The women’s commission of India’s Kerala state is seeking to limit the amount of gold given at weddings to no more than 80 grams to reduce the burden on families and help ease India’s trade deficit. Most Indians see gifts of gold, mostly jewellery, from the bride’s family to the groom as auspicious for a marriage, helping to ensure financial security. But grooms have been seeking increasing amounts of gold as rising duties and restrictions on imports have led to a shortage in India, the world’s second-largest gold consumer after China. – Reuters
Dominant Social Theme: Gold is bad. Hold rupees.
Free-Market Analysis: This is blatant manipulation. For anyone who doesn’t believe that the globalist power structure wants to discourage gold-holding, these moves in India should be a revelation.
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