Did India's Cash Ban Spur Gold Rally?

Food forThought:

Today, India announced a ban on larger notes. Speficially they banned 500 and 1000 rupee notes.

Could that have contributed to the rally today? The idea is not so far fetched. We've said before here that the war on cash will move to a war on Gold as people seek portable methods of storing their wealth. All these "money wars" are really a war on financial and economic freedom.

Soren k

h/t @PopescuCo

 

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