{"id":22298,"date":"2016-12-19T21:09:12","date_gmt":"2016-12-20T02:09:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22298"},"modified":"2016-12-19T21:09:12","modified_gmt":"2016-12-20T02:09:12","slug":"gold-is-now-effectively-illegal-in-india-the-consequences-of-creating-a-cashless-society","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22298","title":{"rendered":"&#8220;Gold Is Now Effectively Illegal&#8221; In India &#8211; The Consequences Of Creating A Cashless Society"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-12-18\/gold-now-effectively-illegal-india-consequences-creating-cashless-society\">&#8220;Gold Is Now Effectively Illegal&#8221; In India &#8211; The Consequences Of Creating A Cashless Society<\/a><\/h3>\n<section class=\"node node-type-story node-full node-nid-581523\" data-mediaconductor-processed=\"true\">\n<div class=\"content\">\n<p>Jayant Bhandari warns\u00a0<strong><em>&#8220;there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal&#8221;<\/em><\/strong>\u00a0as he discusses India&#8217;s attempts to create a cashless society (and consequences of it) and why\u00a0<strong>precious metals and geographical diversification are the most viable options<\/strong>\u00a0investors around the world, not just India, should be taking.<\/p>\n<blockquote><p><strong><em>&#8220;The situation is getting worse by the day&#8230; people are desperate&#8221;<\/em><\/strong><\/p><\/blockquote>\n<p>Jayant provides the clearest explanation of where India is (and where it is going) in the brief interview with\u00a0<a href=\"http:\/\/www.provenandprobable.com\/exclusive-interviews\/interview-jayant-bhandari-cashless-society-counterfieting-capital-controls-gold\/\">ProvenAndProbable.com&#8217;s Maurice Jackson<\/a>\u00a0&#8230;<\/p>\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe loading=\"lazy\" id=\"fitvid756798\" src=\"https:\/\/www.youtube.com\/embed\/IeOPjDQbVFI\" width=\"300\" height=\"150\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<div class=\"teads-inread sm-screen\">\n<div class=\"teads-ui-components-label\"><a href=\"http:\/\/www.acting-man.com\/?p=48062\"><em>As Jayant detailed previously,<\/em><\/a>\u00a0expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people\u2019s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.<\/div>\n<\/div>\n<p>There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.<\/p>\n<h3>Gold Bullion Is Now Effectively Illegal<\/h3>\n<p>Assaults on people\u2019s private property and the integrity of their homes through tax-raids continue.\u00a0 In a recent notification, government has made it clear that any ownership of jewelry above 500 grams of gold per married woman will be put under the microscopic scrutiny of tax authorities.<\/p>\n<p>Steep taxes and penalties will be imposed on those who cannot prove the source of their gold. In India\u2019s Orwellian new-speak this means that because bullion has not been explicitly mentioned, its ownership will be deemed to be illegal. Courts will do what Modi wants. Huge bribes will have to be paid.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Gold Is Now Effectively Illegal&#8221; In India &#8211; The Consequences Of Creating A Cashless Society Jayant Bhandari warns\u00a0&#8220;there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal&#8221;\u00a0as he discusses India&#8217;s attempts to create a cashless society (and consequences of it) and why\u00a0precious metals and geographical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1035,1034,374,422,14518,868],"class_list":["post-22298","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cash","tag-cashless-society","tag-gold","tag-india","tag-jayant-bhandari","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22298"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22298\/revisions"}],"predecessor-version":[{"id":22299,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22298\/revisions\/22299"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}