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India Confiscates Gold, Even Jewelry, In Raids On Hidden Money

India Confiscates Gold, Even Jewelry, In Raids On Hidden Money

Submitted by Michael Shedlock via MishTalk.com,

Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold.

It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry.

For background to this article, please see my November 27 article Cash Chaos in India, 86% of Money in Circulation Withdrawn; Cash Still King in Japan.