Why Governments Hate Gold

by Stephen Flood

Do governments hate gold?

The answer: Yes — Governments hate gold because they cannot print it, and it is difficult for them to control.

Because they cannot print it or easily control it, gold has little use to them during the never-ending schemes to tax and then redistribute wealth.

India is a recent example of a government trying to control gold imports through increased taxation on imports and imposing rules, such as that importers had to re-export 20% of imports as gold jewelry.

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