Bling it on

Bling it on

Gold: cop’s daughter smuggles it, Indians obsess over owning it & now, global investors love it

As much as Indians adore gold, GOI dislikes the foreign exchange outgo on it. Betwixt our bottomless hunger for the shiny metal and govt’s import duties on it, smugglers continue to make merry. These days, roiling equities and Trump’s trade war are further shoring up gold’s safe investor haven status. Global gold prices are at an all-time high, having already broken records 10+ times this year, and more rallies are safely forecast. So, that an actress was found smuggling gold into Bengaluru isn’t surprising per se. What’s more worrying is how easily she’d gamed airport security.

Daughter of a DGP, she took advantage of some special protocol for senior govt officers to evade proper checking. Each of us has experienced harassment by VIP privileges first hand. But if these are also an easy cover for crime, that must be prosecuted, and systemically counteracted, asap. It is now being emphasised from the IPS officer’s side that the actress is his stepdaughter, and also that she got married four months ago. If these facts are intended to establish his distance from her, that’s truly strange. Why should either detail dilute the parental relation?

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Daniel Michelson

Daniel is a long term investor and position trader in the forex market.

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