Henry Bonner published an article at Mining.com, originally for Sprott, discussing whether Indians would continue buying gold despite government restrictions, high import duties, a weak rupee, and a stagnating economy.
In the article, I commented on India’s gold market, the effects of government restrictions, smuggling, corruption, and inflation, and the deeper reasons Indians continue to hold gold. The article also considered whether India’s weakening economy would reduce the country’s ability to keep buying gold, even if the cultural and monetary desire to own it remained strong.