Monday, December 3, 2012

Bright side to India’s gold fetish

......PAPER GOLD DOESN’T WORK
This has the Reserve Bank of India thinking up yet newer ways to curb gold purchases. Could banks offer some kind of ‘paper gold’ or derivative gold so that the country does not have to actually import gold in order to satisfy its masses? Well, the paper gold idea has been tried, but has not enjoyed great success.........

Read - HBL

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