The Biggest Gold Story No One Is Talking About (Video)

It’s one of the world’s biggest stories right now and it could dramatically affect the price of gold. But, Americans have heard only a little about it.

The decline in India’s currency, the rupee, is nothing short of stunning. Currently at record lows, the rupee has dropped nearly 18% since May. It now takes 63.25 Indian rupees to buy one US dollar.

Causing the plunge is – who else? – Ben Bernanke. Here’s why:

Back on May 22, the Federal Reserve Bank Chairman spoke before the US Congress and hinted that the Fed could start tapering its $85 billion per month bond buying program. That policy, known as “quantitative easing”, helped keep bond prices up and, thus, interest rates down to near-record lows.

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