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overtheedge
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Why WGC's India gold policy won't make much impact on import "problem" - Bron Suchecki - Perth Mint

I'm suspicious of all surveys. I've yet to meet one that wasn't a push-poll.
In this case I would ask what should be the #1 question of those polled, "Do you physically own gold?"
Hypothetical polling questions will only get you hypothetical answers.

Commented 3423 days ago

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Beginning of the headline :For all the laudable recommendations (yes, Indians using their own gold to fund their own gold jewellery industry is OK) in the WGC & FICCI's Why India needs a gold policy, I think it fails to articulate a compelling case for the only thing that matters to the Indian Government - reducing gold imports (ie currency leaving the country). Stating it simply, imports will only be reduced by the amount of gold tied up in manufacturing inventories, thereafter Indian's net accumulation urges will have t... Read More

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