Would you trust your government to hold your gold in exchange for a paper promise?
You may soon have options to invest in new financial instruments that
are linked to gold, such as a possible gold bond.
With savings rates dropping from 35% about five years ago, the
government, trying to boost savings and discourage hoarding of gold in
physical form as a
speculative activity, is planning to soon come out with
attractive paper products including gold bonds, riding on India’s craze
for gold. Read story>> Government may issue gold bonds - Hindustan Times
