Infinity asked in Business & FinanceInvesting · 8 months ago

Why is India demonitizing? Why does India think gold is a better investment than the U.S dollar?

4 Answers

  • 8 months ago

    Indians need to build toilets and restrooms in their houses.

  • 8 months ago

    Why would they base their economy on another country's money?

  • Mark
    Lv 7
    8 months ago

    The Indian government is being smart on this one.  Pegging paper money on other paper money while the country you're pegging your money on is pegging THEIRS to another paper currency is sort of a "government Ponzi Scheme".

  • Anonymous
    8 months ago

    Too much US debt.

Still have questions? Get answers by asking now.