Gold Monetization Scheme
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22 comments Page 3 of 3.
Mohini pandey said:
8 years ago
GMS allows the depositors of gold to earn tax free market determined interest income (denominated in gold but recoverable either in gold or in rupee [mandatorily in rupee if it is deposited for a medium or long term]) from the pure gold they deposit with banks in their "Gold Savings Accounts" and permits the jewelers to obtain their raw material -gold bars created from the melting of the gold deposited with the banks- as loans in their "Metal account".
(9)
Muskan said:
8 years ago
According to me, it'a great idea of gold monetisation because as we can see the liquidity of gold has been dec soo much so by this we can get gold back in the markets rather than storing them in banks lockers.
(13)
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