Rahul Mehta Gandhinagar LsCandidate

Why gold import will massively increase after say 3 months to 6 months?
.
Most people keep some black cash in Rs 500 notes / Rs 1000 and rest in gold, and when volume grows, then buy land.
.
Now everyone fears that GoI may demonetize Rs 2000 notes and also new Rs 500 notes. So most black wealth will be now kept in gold.
.
So import of gold will drastically increase.
.
Also, gold prices will rise in LONG TERM i.e. after 6 months. As of now, gold prices will fall because many buyers are now off the market. So gold prices for now will fall. But from now on, black money hoarders will use gold more and large notes less. So gold prices will increase
.
So positive effects of loss of black cash will get diminished by hyper increase in import of gold !!!