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rajmrt
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Indian gold monetisation scheme a temporary solution - Bron Suchecki - Perth Mint

The scheme can be successful if there is immunity from Income tax up to certain level and then in slabs of 10-20-30% on higher slabs. There should be lock-in-period also.

We have to take into account demand arising from taking back gold from banks by the depositors for various ceremonies. We may expect reversal after 3-years.

Commented 3409 days ago

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Beginning of the headline :The Indian Government has released its Draft Gold Monetization Scheme for comment, which builds on the earlier WGC & FICCI’s Why India needs a gold policy proposal. At this early stage it seems “likely fail in its current form as it does not address some key concerns for banks and consumers”, according to Reuters. Whilst it may be news to Zero Hedge that gold pays interest (see In India, Gold Is Not Only Money But Now Pays Interest) this is not something new for India which has always had a gold... Read More

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