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Potential gold-import ban by India could be biggest bombshell since Nixon

Posted on 23 November 2016

Back in August 1971, President Nixon shocked the world by taking the dollar off the gold standard. The dollar had been on gold standard since Bretton Woods Agreement of 1944. The biggest bombshell for gold investors in 45 years since Nixon announcement may be ahead.
That bombshell is a potential ban on import of gold into India. If this happens, there is a high probability of a one-day drop in gold that could reach $200. A prerequisite to understanding this potential development is to understand what has happened in India recently………………………………………Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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