Relevant:
- Indian Gold Import Exploding In March; Government Looks Towards New Suppression Schemes - Koos Jansen
- Commodity exchanges can dump gold debts on ETFs
- India's Gold Consumers Are Becoming Investors
- Is negative gold lease rate a sign of ballooning derivatives risk at GLD and similar ETFs?
- Is Gold A Giffen Good? - Paul Mylchreest
2013-01-22 — mineweb.com
The government has proposed the provision a link between the gold ETF and the gold deposit scheme. The objective is to unfreeze or release a part of the gold physically held by mutual funds under gold ETFs and enable them to deposit the gold with banks under the Gold Deposit Scheme.
The advantage will be that a part of the gold lying in stock would be brought into circulation and would partially meet the requirements of the gems and jewellery trade.
We're sure this all-but-literal announcement that they plan to raid the ETF will drum up lots of retail business for those vehicles .
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.