LONDON, 29 December 2016 – Leading UK derivatives brokerage IG Index today interviewed BullionVault head of research for its IG TV channel.
"If cash is the lifeblood of corruption and backhanders, gold is seen as the fat store by the Indian government, a way of holding those illegal gains," Adrian explained about India's shock demonetisation of 86% of all currency in circulation last month.
The move came as global gold prices, following the surge peaking with Britain's Brexit vote in June, were hit by what Adrian calls a "triple-whammy" of rising bond yields, a rising Dollar and record highs for the US stock market.
Private investors are "taking the long-term view" however, with November's price drop drawing the heaviest net demand on BullionVault in 5 years.
Watch the full interview on IG TV here:
