Gold management needs a makeover | Business Line

Gold management needs a makeover | Business Line

My VIEW:



This article which inter alia argued that



"It is high time gold is accorded the position it deserves in forex reserves management. The Centre could also consider an arrangement, through RBI or any other duly constituted authority, to trade in ‘paper gold', against genuine tradable gold stocks. Mutual Fund ETFs are no substitute for this."



was published in April 2012.



Being posted in the context of central government's approval of 'Gold Monetisation Scheme' and 'Sovereign Gold Bond Scheme' reported in the media today.(September 10, 2015). 

The media report and my response being posted separately.



M G Warrier




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