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<p>[QUOTE=&quot;Clawcoins, post: 2563844, member: 77814&quot;]PM in another part of the world .. India</p><p>This is interesting news for localized gold demand</p><p><br /></p><p><a href="http://www.bloomberg.com/news/articles/2016-11-08/jewelers-in-demand-as-indians-seek-to-dispose-banned-bank-bills" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/articles/2016-11-08/jewelers-in-demand-as-indians-seek-to-dispose-banned-bank-bills" rel="nofollow">http://www.bloomberg.com/news/articles/2016-11-08/jewelers-in-demand-as-indians-seek-to-dispose-banned-bank-bills</a></p><p><br /></p><p>a few quotes</p><p>&quot;Demand in the second-largest bullion consumer will dry up soon as the cash supply dwindles&quot;</p><p><br /></p><p><br /></p><p>&quot;The immediate effect may be a very short-term splurge of spending on gold jewelry and other high value articles as individuals seek to offload the soon-to-be obsolete notes&quot;</p><p><br /></p><p>&quot; jewelers might have to go on a holiday as no cash sales will happen&quot;</p><p><br /></p><p>mostly a method to reduce illegal activity and artificial price increases according to the article.[/QUOTE]</p><p><br /></p>

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