We’ve kept you up to date on the import restrictions on gold in India, and some of the ways Indians have been getting around those restrictions. But this one takes the cake. A man was admitted to surgery in New Delhi on April 9 with severe stomach pain and nausea. Guess what a surgeon found in the foolish man’s intestines?
If you guessed 12 gold bars slightly larger than a troy ounce each, you guessed right. The lengths the Indians will go to in order to get gold across the border appear to be endless. Expect tunnels under the borders (if they don’t already exist) like those that have popped up under the U.S./Mexico border and the Egypt/Gaza border. You can see on the chart below that gold has stabilized near $1,300/ounce.