Friday 22 June 2012

Ranting Andy on India's falling Rupee and Gold


In India, the Rupee is down to yet another ALL-TIME LOW, memorializing the results of perhaps the WORLD'S WORST FINANCIAL MANAGEMENT - quite the distinction in today's environment of abject incompetence...
  zb june 22 2012
  
I mean, centuries of Indian culture have ingrained the concept of REAL MONEY into its citizens' DNA, which is why it has been the world's largest gold consumer for as long as data has been recorded.  However, despite having one of the world's most vibrant economies - albeit, a statement doesn't mean what it used to - its moronic government has printed the Rupee into oblivion, going to great lengths to discourage citizens from taking steps to not only PROTECT their wealth, but GROW India's stature.

In one of the most pathetic speeches EVER - from a high ranking official that has not yet mastered the English language - here is India's "Finance Minister" begging citizens to avoid the "dead asset" - GOLD - which has appreciated against the Rupee eightfold over the past decade!

India's Finance Minister Wants The World's Largest Gold Investors To Invest In Anything But Gold  http://www.businessinsider.com/india-finance-minister-investing-gold-2012-6

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