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A Government Just Ordered Its Citizens To Stop Buying Gold Right Now
2026-05-12
India’s Prime Minister has urged citizens to stop buying gold for a year.
Why?
Because India is facing a mounting foreign-exchange squeeze, rising oil import costs, pressure on the rupee, and a growing need to conserve dollars. At the same time, Indian banks have reportedly faced weeks of disruption importing gold and silver, with customs delays, tax uncertainty, and supply bottlenecks creating pressure in the world’s second-largest gold market.
This is not just a story about jewellery demand.
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It is a story about currency pressure, government control, physical supply, and why gold becomes politically inconvenient when citizens want to protect themselves outside the banking system.
In this episode, we look at:
Why
Gold and Silver Smashed: What’s Driving It?
2026-01-29
#Gold and #silver are at record highs and yet demand hasn’t slowed.In this interview, Jan Skoyles speaks with GoldCore’s Dave Russell about why investors, institutions and governments continue buying precious metals at prices that would normally deter demand. The answer, they argue, has little to do with speculation and everything to do with trust.
As confidence in US Treasuries, long-standing geopolitical alliances, and the stability of the financial system begins to erode, capital is quietly moving away from paper promises and toward assets with no counterparty risk. Gold has re-emerged as the world’s ultimate quality asset, while silver is being repriced as a strategic metal essential to modern economies, military hardware and energy infrastructure.
The discussion explores:
• Why
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