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Zero Hedge: India's return to gold market may trigger a blizzard of BIS paper
From ZeroHedge.com
Wednesday, May 21, 2014
... So will India finally allow its population again to purchase gold without limit as it appears set on doing? And how will the price of gold react when the formerly largest buyer of gold is back on the bid and scrambles to make up for one year of lost activity?
We should know shortly, but one thing is certain: In the absence of private-sector manipulation now that even the gold-fixing cartel is imploding, the central bank manipulators, especially those at the Bank for International Settlement, will have to work overtime in selling paper gold to compensate for what may well be a tsunami of pent-up physical purchases out of the country with the 1.2 billion population.
... For the full commentary:
http://www.zerohedge.com/news/2014-05-21/flooded-gold-smuggling-indias-n...
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