Potential gold-import ban by India could be biggest bombshell since Nixon
By GCRU Gold News on Wednesday, November 23 2016, 22:58 - Permalink
Back in August 1971, President Nixon shocked the world by taking the dollar off the gold standard. The dollar had been on gold standard since Bretton Woods Agreement of 1944. The biggest bombshell for gold investors in 45 years since Nixon announcement may be ahead. That bombshell is a potential ban on import of gold into India. If this happens, there is a high probability of a one-day drop in gold that could reach $200.