The gold market of India has become one of the focal points of the precious metals sector, for several reasons. To begin with; India is historically the world’s largest market for gold, directly implying that India is also (very likely) the world’s largest repository of gold.
What makes this reality of particular interest is that India has never produced much gold, in the form of gold-mining. Furthermore, unlike much of the rest of the world; India’s gold market is relatively ‘pure’, meaning it has not been contaminated/diluted by various forms of the bankers’ paper-called-gold frauds. Putting all these facts together; the result is that India’s gold imports were one of the few relatively transparent segments of the global gold market, in terms of gauging the strength of global gold demand.
It was for all of these reasons that India has now become yet another target of the One Bank. The banksters’ economic terrorism against India commenced in the summer of 2013. As regular readers are well aware; this was a direct response to the enormous spike in Indian gold imports in the spring of 2013. In turn; this spike in Indian gold demand was merely part of a global stampede into the Metal of the Sun – a direct consequence of the banksters’ infamous Cyprus Steal, the world’s first “bail-in”.
The One Bank attacked the currency of India, much like these notorious currency-manipulators are now doing against Russia. It was an act of simple, ruthless blackmail, telegraphed by the parrots of the Corporate media. India’s so-called “currency crisis” would not end until that government had blocked most/all of its gold imports, proclaimed the banksters’ messengers.
It was typical of the psychopathic mentality of this crime syndicate. The One Bank felt “threatened” by this sudden spike in gold demand (directly caused by its own, prior crime), because it put even more pressure upon its insanely leveraged/totally illegal, precious metals Ponzi-schemes. But the One Bank’s crude extortion scheme turned into a total fiasco.
a) Gold-smuggling into India quickly replaced most of the official gold imports which had now been blocked, as it was endemic gold-smuggling which had previously caused India’s government to “liberalize” its gold market, so that all the gold entered the country legally/officially.
b) This massive gold-smuggling naturally produced a blackmarket for gold, and (in turn) a Decoupling in the gold market, as a real-world price for gold began to emerge – one that could not be controlled by any of the banksters’ market manipulations.
c) Any drop in gold imports was made up, on a rupee-for-rupee basis, with increased silver imports, where (arguably) the banksters’ leveraged frauds and depleted inventories represent even more of a crisis for that cabal.
We know that the One Bank has acknowledged its own failure here, and allowed India’s government to normalize its gold imports once again, because as India’s gold imports rose back toward previous levels, there has been no mysterious “currency crisis” in response to the same gold-import levels. But this brings us to the start of 2015, where this melodrama of bungled extortion has taken another surprising turn.
To unravel the latest plot-twists, we must first refer back to the fall of 2014. In September; India’s gold imports were above 95 tonnes, in October it imported 109 tonnes, and in November, imports surged to 152 tonnes, virtually identical to import levels when the banksters launched their currency attack in 2013. But then, in December, Indian gold imports supposedly dropped off to a mere 39 tonnes, and now through the early part of January, we’re told that gold imports are even lagging below that pace. Notably, this purported “collapse” in gold imports comes during what has always been strong seasonal demand in India, due to a combination of religious/cultural festivals, and Indian “wedding season” – where gifts of gold are a long-standing tradition.
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