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India should monetize 20,000 metric tonnes of gold

Posted on 07 June 2013

India should monetize their huge gold stockpiles of over 20,000 metric tonnes according to the World Gold Council (WGC) as reported by Bloomberg this morning. “In the long term gold could be monetized as a financial asset,” Aram Shishmanian, the CEO of the WGC said in India overnight.
The World Gold Council has approached the Reserve Bank of India (RBI) to work with it so that bullion could be used as a financial asset, rather than just a physical asset. Exactly how the considerable store of wealth that is the gold of Indian people could be monetized was not said……………………………………Full Article: Source


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