Loading ...Finally.. a Gold backed Bond
I love India.. because they love gold!
Why can’t we have the same offering? 2.5% coupon plus collect any gains on the underlying gold nominal value.
How much is the coupon on fiat?
https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109
That’s great !
But
More paper gold
No One asked if the gold will be allocated or pooled.
If pooled then its another paper ponzi right ?
Yeah… just realized that. At least it’s fuel on the paper ponzi in the “right direction”. Kinda busted my bubble.. thanks ;-(
What you see and read is not what we think. India has been trying people to reduce buying gold instead put their savings in Banks. Efforts are failing since 2015. Plus it will have no effect on global gold price at all.
Thanka Bikoo. Starting to grasp that.