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« Billionaire Eric Sprott On The Shocking Financial Dangers Facing The World Today | Main | History Shows A Gold Bull Market Is Fast Approaching »
Wednesday
May202015

Gold Is a ‘Barbarous Relic’ but These Are ‘Barbarous Times’: Jayant Bhandari

At around $1,200 per ounce as of May 19, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides.

India in particular has been a major purchaser of physical gold. In 2009, the Indian government made headlines by purchasing 200 tons of gold from the IMF1 and Indian savers have been major buyers of gold on international markets.

Jayant Bhandari emigrated from India at age 36. Since then, he has kept a close eye on India’s economy and markets.

Earlier this year, he made a prescient call in Sprott’s Thoughts that the Indian stock market was likely to come down.

What is Jayant’s take on India’s demand for gold, and what does it mean for us?

Jayant sees gold becoming much more important in North America and Europe going forward, mirroring its role in India’s troubled economy.

Jayant writes:


read more....

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