Wednesday, January 8, 2014

Politicians look for easy way out

India's got a huge balance of trade deficit and the three largest parts are oil, gold and cooking oil. They cannot do anything about oil or cooking oil, so they're attacking gold, blaming their problems on gold. Gold has not caused their problems, gold is a symptom of their problems, but politicians are pretty simple-minded people and they look for the easy answer.”

Jim Rogers

Warren Buffett

Nouriel Roubini