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

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  • 1 month ago

    Indians need to build toilets and restrooms in their houses.

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  • 1 month ago

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

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  • 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".

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  • Anonymous
    1 month ago

    Too much US debt.

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