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Wednesday, 12 March 2014

Jim Rogers:Why Gold Fell in 2013

One, we had an anomaly in the gold market. Gold went up 12 years in a row, which is very strange and unusual for any market. When the correction came, it too was an anomaly. 

At the same time, the Indians – who were the largest buyers of gold in the world – Indian politicians started blaming their problems on gold. So they took many measures to cut back their demand for gold, successfully  

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India Gold Import Chart 2013

Why was demand suppressed?

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