Gold Schemes, Dampening the present enthusiasm? - Moneylife

Round-tripping of Money? - Moneylife



DAMPENING THE PRESENT ENTHUSIASM?

This is with regard to “Sovereign Gold Bonds: What the Pricing Shows” by Raj Pradhan. Sovereign Gold Bond Scheme is a part of government borrowing. It appears that it will be cost-effective for the government and that it will be a wise option for fresh investors, who have a craze for the yellow metal. The government and RBI will have to make the Gold Monetisation Scheme popular among institutions and religious bodies that have an unspecified huge stock of gold. Bringing the stock into the mainstream will benefit them in the long run and, at this stage, it will be a service to the nation. Their contribution will reduce the cost of gold imports. There are, however, vested interests that will try to dampen the present enthusiasm of RBI and the government.  
MG Warrier, online comment

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