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What if....India banned gold imports?

BochimanBochiman Posts: 25,556 ✭✭✭✭✭
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

  • derrybderryb Posts: 37,619 ✭✭✭✭✭

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

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • rickoricko Posts: 98,724 ✭✭✭✭✭

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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

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

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

  • CaptHenwayCaptHenway Posts: 32,710 ✭✭✭✭✭

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

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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