The movement of gold vs the Chinese currency and the Indian currency is interesting. China has pegged its currency to the dollar over the past few months, and India too seems to be doing the same. The world continues to want to subsidies US excesses. Why should the US consumer ever change? Incidentally gold has been a great investment since 2007 for Indian investors - our not-so-hip country cousins who continue to buy gold at all opportunities will be feeling fairly smart after all.
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