.......RBI talks of gold deposits, accumulation and pension schemes. Will
people really come forward and deposit their gold and take it back
after say 5 or 10 years? If it is held for security or vanity, then this
will not happen. Also, most gold held by households could be in the
form of jewellery and not coins especially in rural areas, which makes
such a scheme a non-starter as the individual would expect the same to
be returned at the end of the tenure. If the idea is to churn this gold
for meeting further demand, then the scheme may not work. ................
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