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Olduvai III: Catacylsm
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India’s Failing Gold Monetization Scheme: Seizure Imminent?

India’s Failing Gold Monetization Scheme: Seizure Imminent? India’s newest gold monetization scheme has been a colossal failure. After one month, it has netted only one kilogram (2.2 pounds avoirdupois) out of an estimated 20,000 tonnes (44 million pounds avdp) of privately-held gold. Why is that? Well, let’s look at how the program works. Gold-holders turn their gold over to a bank. […]

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Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation

Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation One month ago, when reviewing India’s ploy to monetize the thousands of tons of gold held by the broader population through the issuance of “gold-backed bonds” (which would need to offer a rate of interest greater than inflation to be attractive […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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