Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    Gold Headed Lower Under $1,000 into the Abyss

    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12

    Gold Headed Lower Under $1,000 into the Abyss Empty Gold Headed Lower Under $1,000 into the Abyss

    Post by Lobo Fri 09 Dec 2016, 10:51 am

    Gold Headed Lower Under $1,000 into the Abyss GOLD-Text
    India is moving now to confiscate gold after going after the cash. Currently, each married woman is entitled to 500 grams, each unmarried woman 250 grams, and each man 100 grams of gold. Everything that goes beyond is classified as illegal possession and thus will be confiscated. There is no restriction on the possession of the jewelry only if the jewelry was purchased by inheritance. Prime Minister Narendra Modi is giving more power to tax authorities rather than dealing with corruption. They will be shaking people down for money. Unlike FDR who confiscated gold from the banks, Modi is allowing the tax people to go door to door.
    This is the problem I have been warning about with gold. It is losing it safe haven status for it is getting to the point you cannot travel with it, keep it in a safe deposit box, or show gold with jewelry. In Italy, if it looks like you have excessive jewelry, they pull you over and weigh it at the border.
    This is all part of the Hunt for Taxes. India is setting the tone. The danger will be if others follow. Trump would stand in the way of such policies in the United States. But in Europe, we may see the same policies take effect to different degrees. All they need do is claim that terrorists are using gold to fund their operations.
    Everything is still on target for the move under $1,000 into next year.
    https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-headed-lower-under-1000-into-the-abyss/
    wciappetta
    wciappetta
    NNP TEAM
    NNP TEAM


    Posts : 5282
    Join date : 2012-12-20

    Gold Headed Lower Under $1,000 into the Abyss Empty Re: Gold Headed Lower Under $1,000 into the Abyss

    Post by wciappetta Fri 09 Dec 2016, 11:37 am

    perfect!


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