3 Types Of Life-Changing Crisis That Make You Wish You Had Some Gold

Stephen McBride : On November 8, Indian Prime Minister Narendra Modi took to the airwaves to declare that Rs500 and Rs1,000 banknotes—which made up 86% of the currency in circulation—would be invalid effective from midnight. While the policy created chaos at banks, the real story lies elsewhere. When rumors of a ban on gold spread two weeks later, Indians began rioting. To quell the panic, the Finance Ministry was forced to release a statement saying there was “no plan to restrict gold holdings.”

First published here: 3 Types Of Life-Changing Crisis That Make You Wish You Had Some Gold