To The Moon

Gold has encountered a "sovereign-level short seller". On May 13, the Indian government significantly raised the import tariffs on gold and silver from 6% to 15%. Just one day later, on May 14, India tightened the rules for duty-free gold imports, stipulating that when jewelry exporters import gold through the "Advance Authorization Scheme", the duty-free quota per license shall not exceed 100 kilograms at most. Within 48 hours, first raise taxes, then impose quantity limits. On one hand, raise the import cost of ordinary gold, and on the other hand, block the duty-free import channel. This is no longer an ordinary adjustment of trade policy, but a concentrated suppression of gold imports launched by India after the obvious increase in foreign exchange pressure. India first raised taxes, o