Infinity asked in Business & FinanceInvesting · 1 month ago

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

4 Answers

Relevance
  • 1 month ago

    Indians need to build toilets and restrooms in their houses.

    • Log in to reply to the answers
  • 1 month ago

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

    • Log in to reply to the answers
  • Mark
    Lv 7
    1 month 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".

    • Log in to reply to the answers
  • Anonymous
    1 month ago

    Too much US debt.

    • Log in to reply to the answers
Still have questions? Get answers by asking now.