In a broadcast from Singapore yesterday, CNBC's news channel affiliate in India, CNBC-TV18, gave your secretary/treasurer six minutes to assert that for the time being the gold price will be determined largely by surreptitious trading by central banks and that India's government should stop fighting the desire of its people for golden money. Your secretary/treasurer argued that while India is a developing country, with an estimated 24,000 tonnes of the monetary metal in private and temple possession, it might become the richest country if gold was allowed to trade without central bank interference.
CNBC-TV18 has posted video of the interview at its internet site, MoneyControl.com, here:
http://www.moneycontrol.com/news/business/mar...old-prices-i...
