Sovereign gold bond scheme may move investors from the yellow metals to bond - Moneylife

Sovereign gold bond scheme may move investors from the yellow metals to bond - Moneylife

My VIEW:

Perhaps RBI and GOI could jointly attempt an "Awareness Drive" to educate institutions and organisations which accumulate gold in various forms to divert a portion of their future investments to Sovereign Gold Bonds(SGBs). Even converting a portion of existing gold stock by selling it in the market and buying SGBs will be advantageous both to the country (as import will come down to that extent) and the investors(as the investment in SGBs will earn interest).

M G Warrier

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