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World Gold Council endorses Indian government's gold paperization plan
World Gold Council Welcomes Government's Draft Policy on Sovereign Gold Bonds
From The Press Trust of India
via The Times of India, Mumbai
Friday, June 19, 2015
NEW DELHI -- The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said today.
With a view to curb demand for physical gold, the government today proposed to issue sovereign gold bonds. A discussion paper has been floated on the scheme for which comments are invited till July 2.
"Any step that increases consumer choices and makes gold a fungible asset class is good. ... Gold investment products which integrate gold further into the regulated financial sector are a positive development," WGC India Managing Director Somasundaram PR said. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/bonds/world-gold-council-wel...
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