Four Gold Prices April Fools

Prime Minister Narendra Modi's move of demonetization drive little doubt will convey out all the black cash but this has caused panic amongst the general public. The ban, gold price announced by Prime Minister Narendra Modi on 9/11/2016, has been met with wild surprise almost throughout the board and the effect was nearly instantaneous. After issuing the ban, the prime minister categorically stated that the notes in question were the centerpiece of all illegal money dealings within the nation and, therefore, wanted to be dealt with to curb the rampant black cash activities. Worth noting too is the fact that the ban on Rs 500 and a thousand denominations will hardly have an effect on the opposite types like cash trade in the black market, notably gold, jewellery, and land. India's black market is a melting pot of a few of the country's largest illicit deals including corruption, laundering, human trafficking, and a bunch of other shoddy activities involving unaccounted cash. However, analysts also acknowledge that there will be unfavorable penalties within the brief term, notably to a large portion of the country's working class in addition to rural enterprise establishments. The asset class standing would give the Indians the prospect of capitalizing gold and making it as liquid as the stock of any listed firm.

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