To suggest that indian ban on gold imports would see the gold price drop to US$800 is a little naive as to what really moves the gold market.
Demand from India is an important factor, yet the real driver of gold is in its ability as a US$ hedge instrument.
If the US$ goes down the toilet, India banning imports would mean sweet nothing.. The globe will be diversifying into the yellow metal as protection, with India or without it!!
My first post here at RMS, and I like contrarian views, but to suggest India and their potential banning on imports is the main driver of golds upcoming trajectory is plainly inaccurate.
Its all about the US$$!! Plain and simple.
thanks david25, page-19
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