India looking at ways to monetise its citizens' gold
By GCRU Gold News on Tuesday, July 1 2014, 23:40 - Permalink
With India's gold imports having pressured its current account deficit (CAD), two large Indian public sector banks have suggested that there is a greater need to make use of gold available in the country, and that the precious metal should be made more liquid. A government official has seconded the move, laying bare some aspects of the government's intention to monetise the gold stores held in most households across the country