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Avery Goodman: India is back and that's more important to gold than Swiss vote
10:57a GMT Monday, December 1, 2014
Dear Friend of GATA and Gold:
Securities lawyer Avery Goodman writes today that the important development for gold is not the defeat of the Swiss Gold Initiative but rather than India has removed its restrictions on gold imports. Goodman adds: "Indian gold buying will be at record-breaking levels this year if oil prices stay low, and no amount of statist/bankster cartel intervention is likely to be sufficient to overcome the heavy physical demand that will inevitably come." His commentary is headlined "Swiss Gold Referendum? No, the Big News Is That India Is Back" and it's posted at Seeking Alpha here:
http://seekingalpha.com/instablog/337451-avery-goodman/3510225-swiss-gol...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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