Hint: it’s not the Irish.
In retrospect, considering India has one of the highest inflation rates in the EM world, a plunging currency and the local central government has made purchases of gold – either foreign or domestic – virtually impossible, converting one’s deflating liquid net worth into liquid alcohol for immediate consumption, with a utility that is instant and needs no discounting, is probably not a bad idea. Finally unlike gold, one can drink whiskey,
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/_Ia6UWZvlfM/story01.htm Tyler Durden