Gold As India’s Silver Bullet
There’s $5tn worth of gold idling with households. If RBI buys it at 100% spot price, paying 65% in cash and the rest in 29-year bonds, it can create a real wealth effect while earning revenue for govt
There’s $5tn worth of gold idling with households. If RBI buys it at 100% spot price, paying 65% in cash and the rest in 29-year bonds, it can create a real wealth effect while earning revenue for govt
