India targets stealing 50 TONNES of gold…

by Jeff Nielson, Bullion Bulls Canada Here’s a follow-up news item regarding India’s “gold deposit scheme” (scam) and its even more laughable/fraudulent “gold bond scheme”. India’s national ratings agency (ICRA) is predicting that India’s government will manage to steal roughly 50 TONNES of gold in the “first 12 – 18 months” of these dual scams. Gold imports are likely to decline by up to 5 per cent over next 12-18 months due to the proposed launch of Gold Bond Scheme (GBS) and Gold Monetisation Scheme (GMS), rating agency ICRA said today. How does the sentence above confirm my claim that the Criminals expect to steal roughly 50 tonnes of Indian gold over the next 12 – 18 months? Here’s the math, India’s gold imports are (roughly) 1,000 tonnes per year (although admittedly that number bounces around). So even if Indian’s buy that normal/average amount of gold, the Criminals are predicting that “gold imports” will fall by roughly 5% (of 1,000 tonnes), which equals 50 tonnes. So if Indians will buy their regular amount of gold, but India can still satisfy that demand by importing 50 tonnes less than normal, then clearly the only way that this 50-tonne deficit could be covered is by STEALING that much gold via this gold deposit scam and/or scamming Indians for that much with their “gold bonds” (lol). Presumably, this scam will result in the theft of even more gold in upcoming years — as this rip-off becomes more popular with India’s (stupid/greedy) Sheeple. In the real world, you have to PAY SOMEONE to get them to securely store your gold for you. In India, Indians have been suckered into the delusion that not only can they have their gold “stored”, for free (by their benevolent government) but they will be paid interest on that stored gold — even though it generates no income to pay that interest. Note this interesting caveat: “While we expect the GBS scheme to be relatively successful, the impact of GMS is likely to be limited because of concerns regarding the operating modalities of the scheme,” the report said. Translating this; Indians are suspicious/worried that they are going to be ripped-off. Now we see why the Criminals found it necessary to tack-on this “gold bond” scam to the original “gold deposit” scam. Apparently Indians aren’t quite as willing to part with their own gold as the Criminals have been implying/suggesting. Despite all of the pro-scam propaganda with which Indians have been bombarded, there is obviously some deep, cultural reluctance to PART WITH THEIR OWN GOLD. Thus to “soften them up” for this scam over the longer term, they added a second scam, which would NOT require Indians to give up their own gold. According to the Criminals, themselves, this is where they expect to do the vast majority of the stealing, in order to reach their prediction/quota of 50 tonnes. “Something for nothing.” “Too good to be true.” These appear to be expressions which have never penetrated India’s culture. And, as a result, they are about to voluntarily hand over TONNES and TONNES of gold, in a pathetically obvious fraud, orchestrated by the most-rapacious Crime Syndicate in human history. Gold War: China’s SECOND Announcement of More Gold Reserves Gold War II: The One Bank’s Indian Gold-Grab Gold War III: What’s Next? GBS, GMS may help gold imports fall 5% in nxt 12-18 mths: ICRA www.freepressjournal.in/gbs-gms-may-help…nxt-12-18-mths-icra/ Gold imports are likely to decline by up to 5 per cent over next 12-18 months due to the proposed launch of Gold Bond Scheme (GBS) and Gold Monetisation Scheme (GMS), rating agency ICRA said today. The overall impact of the GBS and GMS schemes is likely to bemoderately positive on Indian gold imports over the medium term with imports expected to decline by 3-5 per cent over the next 12-18 months, the rating agency said in a report. Recently, the government had approved implementation of the GBS and GMS to help reduce the gold imports. The GBS and GMS aim to curb investment demand for gold and also mobilise idle gold lying with households. “While we expect the GBS scheme to be relatively successful, the impact of GMS is likely to be limited because of concerns regarding the operating modalities of the scheme,” the report said…

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