“What caused it to finally go down, and as much as I love India and Indians, they are the largest buyers of gold in the world. And 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.  That was the main catalyst or the straw which broke the camel’s back which made gold start going down finally, after 12 years of going up.  So you have a lot of governments coming together with measures against gold and silver, but especially the Indians.”

http://www.businessinsider.com/jim-rogers-gold-complicated-bottoming-900-1200-2013-7

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy