PM Modi Is Asking You Not To Buy Gold
Why is the Indian government discouraging people from buying gold? In this clip, I break down PM Modi’s recent appeal to reduce gold imports, rising gold tariffs in India (from 6% to 15%), and the impact on the Indian rupee. As India remains a net importer of gold, increasing imports can put pressure on the rupee and widen the trade deficit. But is that the full story? I explore inflation, currency depreciation, money printing, and why gold has historically been a hedge for Indian households. I also discuss an alternative perspective: why doesn't India shift from importing gold to exporting digital gold through Bitcoin mining? #gold #bitcoin #india #rupee #modi #inflation
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