Home› Precious Metals
Options

What if....India banned gold imports?

BochimanBochiman Posts: 25,790 ✭✭✭✭✭
in Precious Metals

kitco.com/news/2016-11-23/Indian-Gold-Import-Ban-Fact-or-Fiction.html

This article is saying it's a possibility and also that it could see up to a $200 decline in gold in a day (then a potential reset).

If India did ban gold imports, and gold did drop like that, then what?
Buy?
Worry?
HUGE premiums as no one would want to sell for such a loss right away?
Unable to find physical gold (put away, bought out, etc)?

I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

Comments

  • Options
    derrybderryb Posts: 38,568 ✭✭✭✭✭

    it would become much more expensive, at least in India. Food for thought.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭

    Such a thing would barely ripple the gold market.... Cheers, RickO

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 45,041 ✭✭✭✭✭

    The women would look better wearing nothing, as opposed to wearing gold.

    ``https://ebay.us/m/KxolR5

  • Options
    CaptHenwayCaptHenway Posts: 33,900 ✭✭✭✭✭

    They have banned gold imports in the past, and it never prevented gold from being imported into India.

    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Sign In or Register to comment.