Torgny Persson: Gold smuggling in India and Japan is a symptom of their war against the monetary metal

Section:

11:20a ET Wednesday, July 10, 2019

Dear Friend of GATA and Gold:

Torgny Persson, CEO of Bullion Star in Singapore, today reviews the war against gold long waged by India and Japan, most recently through increases in import taxes and prosecution of smuggling.

Persson concludes: "Gold smuggling is a symptom of a problem -- that governments impose punitive taxes, costs, and frictions on the free ownership and movement of gold, distorting the ability of people to choose to save and invest in the ultimate form of money, gold. It is all to protect their artificially inflated systems of limitless debt-based money supplies and depreciating fiat currencies that stifle and control their populations' savings and investment choices."

Persson's analysis is headlined "Gold Smuggling to India and Japan Is a Symptom of Governments' War against Gold" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/bullionstar/gold-smuggling-to-india-an...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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