You are right, we are not talking about the starving people...

You are right, we are not talking about the starving people buying gold. Obviously that they don't.

What we are talking about is the use of scarce resources, India's domestic savings, in the importation of gold by that country and the alleged duty on the part of the Indian government, at the eyes of some here, to allow that to continue so that they can make money through the placement of bets on the future direction of the price of gold.

Incidentally, what they seem to want is to extract profits from their bets in the form of fiat money.


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