INDIA'S BIGGEST CASINO
Traditionally , Indians have always favoured holding on to some cash and gold as a rainy day investment. Be it for a medical emergency or a wedding in the family. Demonetisation appears to be an experiment to change the habits Indians have cultivated from time immemorial. This experiment along with higher tariffs to decrease gold imports (essentially to reign in the out of control Current Account Deficit) and the final nail in the coffin being the clamping of banks where a majority of lending was to the property sector, be it housing loans, building loans or land loans, has pushed the economy to a corner with few investment options clearly directed by the government. Gold after oil is the second largest imported item and the real estate sector was erstwhile the largest employer (both direct and indirect) in the country and both these being the go-to investment products earlier. With the traditional investment products, gold and property both solid and tangible assets were being mad...