Jayant Bhandari warns "there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal [in India]" as he discusses India's attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking.
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India is the world's first great "cashless" experiment. The US eventually will go that route, too. And since one of the goals is to force all financial transactions onto the Internet of things, you can expect possession of gold to be outlawed here, too.