Further to my earlier postings on the effect of the destruction of INR500 and 1000 notes and the effect this will have on the confidence of people to hold savings in cash and the surprising revelation that the Indian population has some 20000 Tonnes of Gold, the following article just out by SocGen also indicates that once the new notes are in circulation people in India will me more inclined than ever to hold Gold for long term savings. That plus the coming stagflation and the myriad of huge macro economic issues on the horizon says Gold when it jumps will jump quick and far.
The Golden question is when that will be, but watch the Bond market.
http://www.zerohedge.com/news/2016-...sharp-rise-gold-india-plans-cap-cash-holdings
Further to my earlier postings on the effect of the destruction...
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