India has not banned gold, there are rumours at this point and nothing more.
Shit just got real. Citizens homes will be searched and 85% of wealth will be confiscated.
What they are going door to door looking for gold in a population of 1.3 billion people after giving advance notice they are coming, good luck with that
Until they bribe your neighbors to turn you in.
Perhaps you haven't been to the 3rd world and noticed that you don't have much privacy. I live in the Philippines which less densely populated than India, and I promise you I can't even urinate behind a tree without someone seeing me.
The government's ban has been very popular in India. The majority support the "fight against black money".
You have more than 500 grams of gold, then your neighbor is jealous because you have more than your fair share.
Haven't you realized that we live in socialism now.
Large quantities of gold are going to be an albatross around your neck.
People in the rest of the world aren't as trustful of their governments and are not inclined to abide by such laws.
You don't seem to be in touch with the reality that the world is now "99% versus the 1%", which means everything that is yours is your neighbors.
You're a white American boy, you are trained to respect authority
You little chickenshit (and not very smart either). I have been living in the 3rd world since I was 26 years old in 1991. I already challenged you to bring your brave Eastern European asshole to me face, so we can see who is better equipped to kick some ass.
I am not pure white. I have enough Cherokee indian blood to make me fucking crazy enough to rip your head off if you piss me off. I have been through enough shit here in the 3rd world to entirely remove the American civility from my attitude when provoked. Try me.
And it seem both of you imbeciles forgot that the main point of this thread is not whether you can bury your gold in the ground (I never denied that), but whether you can spend your gold for anything in a collapse scenario. Who the fuck is going to accept your gold in India when the government makes it illegal and is bribing your neighbor to rat on anyone who is "getting more than their fair share by trading in gold".
Imbeciles just please back up your pickup trucks and stack more gold. As much as possible, because I am going to be laughing at you when you realize you fucked up big time.
(latinos and blacks in US are better equipped naturally to withstand this bullshit)
Perhaps Eastern Europeans with their failed socialist economies admire the Latinos in California:
Every Household in California Owes $93,000 to Pay for State Pensions
Stanford University has been tracking the cost of pensions in California. So while there is a movement starting to separate from the United States especially since they wanted Hillary, California will soon fall on its face and then will be begging Washington for a handout. The real amount owed by every household in California to cover state pensions jumped to $93,000 in 2015 up from $77,700 per household in 2014.
California may be the most socialistic state in the union, so expect them to also be among the first to collapse despite being the fifth largest economy in the world if looked at as their own nation. Go ahead – leave; but take your pensions with you please! There are two categories of fools: (1) are those who believe what isn’t true; and (2) those who refuse to believe what is true. Socialists seem to come in both varieties.
Millions of Socialists, have murdered and killed those who disagree with them. The opponents of Marxism have been burnt, tortured, fined, and imprisoned; yet we have not advanced one inch towards this mythical land of perfect harmony and utopia. The net result has only been war and conflict and to prove that one half the world is composed of fools and hypocrites who just want to be taken care-of, yet willing to surrender their independence while pretending to be independent.
