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First India Bans Cash, Now It's Targeting Gold

First India Bans Cash, Now It's Targeting Gold

Authored by Jeff Paul via ActivistPost.com,

In November of last year, India banned certain cash notes in a bold move to force businesses into the banking system to better harvest more taxes from its livestock.

Now, under the guise of “improving transparency” and forming a “common market,” India has begun targeting gold with new taxes, regulation, and incentives for citizens to turn over their undeclared gold to the financial sector.

Indians Have A Choice: Buy The iPhone 6S Or Pay For One Year Of Groceries

Indians Have A Choice: Buy The iPhone 6S Or Pay For One Year Of Groceries

As we noted first thing this morning, Mizuho downgraded Apple to neutral from buy, slashing its price target on the world’s largest company to $160 to $150 on the view that robust sales growth for the next product cycle has already been factored into the company's share price. Among other things in its report, Mizuho took a look at some of the company's key growth markets - notably India - to try and quantify the potential for sales growth in the coming years.

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