Interesting point you raise BH.Was reading an article about the...

Interesting point you raise BH.

Was reading an article about the 97 IMF Asian Currency De-Regulation Financial Crisis that explored the systems the Indian Government setup to protect the Rupee. As such was never de-regulated.

India should come out of this in a healthy position should gold continue to hold up in the storm.IMO! Considering they are the largest market in the world for GOLD.

Just ignore the recent noise from a prominent Aussie commentator about India's market going down the gurgler.

And just to add isn't it Ironic now that the boys over at the IMF were more than happy allow the unprecedented de-regulation of currency in Asian markets in the 90's. At the same time as huge foreign reserve outflows and buy a lot of these countries businesses for a song.

Now Japan, China, Singapore, Korea etc.. are so cashed with US & other foreign reserves. It is now their turn to go to the candy store and buy up some great household names at bargain basement prices.

Round 2