Comments on: Is Gold Wealth? https://misesindia.in/2025/06/23/is-gold-wealth/ Economics, Freedom and Peace Mon, 23 Jun 2025 04:32:17 +0000 hourly 1 By: Bhushan Manjarekar https://misesindia.in/2025/06/23/is-gold-wealth/#comment-455159 Mon, 23 Jun 2025 04:32:17 +0000 https://misesindia.in/?p=3908#comment-455159 India couldn’t leverage its demographic dividend in a fiat era where cheap credit and liquidity were abundant. So if the world switches to a hard asset regime (gold, commodities), it’s almost certain India will suffer — because the real productivity base is just not there. If a country couldn’t become competitive with fiat leverage, forget about thriving under hard money.

History rhymes. In 1757, the East India Company stopped bringing gold into India because Indian financiers helped them extract revenue from Bengal itself. That same gold-finance dynamic seems to be resetting. Only this time, the EIC is replaced by global institutions, CBDC layers, tokenization platforms, and maybe even BRICS-linked settlement systems.

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