India, which is the largest buyer of gold in the world, has a gigantic balance of trade problem and the Indian politicians are blaming it on gold. Gold is their second largest import after oil, and they cannot do anything about oil, so they're attacking gold.
They've already put on lots of restrictions to limit people buying gold. And now the Indian politicians are trying to figure out a way to make the Indians sell gold. And if the Indian politicians somehow get their people to sell gold, whoo! Who knows how low it could go?
But I hope that if and when something like that happens, I'm smart enough to buy more gold.
