63 sats \ 4 replies \ @Coinsreporter 8 Aug \ parent \ on: Let's Find A Scapegoat To Mask The Reason And Deflect The Blame econ
Not true for India.
India buys Gold for two reasons. One because our woman love it too much. We have exceptional demand for gold. Second, which is important, India still follows Gold Standard partially.
I think he meant governments are buying gold, plenty of American citizens buy gold, too.
Does India have a gold reserve requirement?
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Those other countries are trying to protect themselves against US inflation. Most of their currency reserves had been US Treasuries.
This was a reply to your comment.
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Does India not hold lots of US Treasuries? Or, are you just saying that holding gold is unrelated to that?
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India holds multiple assets to back INR.
Actually unrelated. I think I should come up with a post on it, so as the world understands how does India do on this. What are the rules and can India print any amounts of notes or not?
Just give a few minutes.
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