Commodity Trade Mantra

Posts Tagged ‘Gold-Backed Bonds’

Indians Urged To Give Up Their "Idle Gold" For The Good Of The Nation

Indians would be allowed to deposit their gold with banks & earn interest, while banks will be free to sell the gold to jewelers, thereby boosting supply. When stripped of its pompous rhetoric, what India is offering is simple: a gold-for-paper exchange, which in a culture where gold has been the definition of money for centuries, would likely be a non-starter from the beginning.

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