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Thanks.
Yes, jwellery at small stores.
Yes, it's definitely very easy to acquire gold, albeit in small amounts.
I can't say acquiring Bitcoin is either difficult because you can easily buy from many exchanges, indian or international, however you are subject to a 30 tax on profits + 1% tds upon sell.
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I suppose I meant can you buy gold at a small shop without kyc/ID? Can you buy bitcoin easily without kyc/ID?
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That's what I replied..haha.
Sorry, I didn't give a straight answer.
Non Kyc/ID Bitcoin can't be acquired acquired as easily as you can acquire Gold.
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Your points about families living together and the off-the-books nature if income is really interesting.
How do people generally acquire gold? As jewelry at small stores? Maybe this is one advantage gold has over bitcoin -- you don't need kyc to buy jewelry.
Would you say it is easier to acquire gold in India than it is to acquire bitcoin there?