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Jim Rogers fears Indian politicians triggered history’s worst gold crash

Posted on 10 July 2013

Jim Rogers loves India and Indians! And I am pretty much sure that he has got nothing in the world against Palaniappan Chidambaram, India’s Finance Minister. But when it comes to the iconoclastic gold rout; the downfall in gold from 2011 highs of $1900 to the recent $1200, India’s import curbs has got a direct role to play, said Jim Rogers, the living legendary investor.
“…India has a huge balance of trade deficit. The largest drivers are oil and gold. You can’t do anything about oil so the Indian politicians are blaming their problems on gold. And they’ve taken many measures, and more measures are coming to diminish or even eliminate the import of gold,” said Jim Rogers………………………………………..Full Article: Source


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