singular_me
5th November 2015, 07:50 PM
since gold began to be extracted, 1000s of years ago, the gold reserves should be a LOT more than we are told.... so where is all all the gold?
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India wants people to turn in their gold
5th November 2015
‘India’s Prime Minister Narendra Modi has launched a program to lure tons of gold from households into the country’s banking system. The program consists of three schemes; a gold monetization scheme, gold sovereign bonds and Indian gold coin.
The gold monetization scheme aims to unlock about 20,000 tons of gold worth over $800 billion lying idle in homes and temples. Under the plan, banks will collect gold for up to 15 years and pay 2.25-2.50 percent interest per year. This is higher than previous rates of around one percent. The government hopes that higher interest rates will help in mobilizing the gold as previous attempts have been unsuccessful.’
https://www.rt.com/business/320823-india-gold-program-economy/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
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India wants people to turn in their gold
5th November 2015
‘India’s Prime Minister Narendra Modi has launched a program to lure tons of gold from households into the country’s banking system. The program consists of three schemes; a gold monetization scheme, gold sovereign bonds and Indian gold coin.
The gold monetization scheme aims to unlock about 20,000 tons of gold worth over $800 billion lying idle in homes and temples. Under the plan, banks will collect gold for up to 15 years and pay 2.25-2.50 percent interest per year. This is higher than previous rates of around one percent. The government hopes that higher interest rates will help in mobilizing the gold as previous attempts have been unsuccessful.’
https://www.rt.com/business/320823-india-gold-program-economy/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome