The government has announced the Gold Bond and Gold Monetization schemes with great fanfare. The aim is to utilize the approximately 25000 Tonnes of gold in the country and channel them into financial savings or instruments so that annual gold imports of 800-1000 Tonnes come down. However, as is the case with most of the Government schemes, the actual rules, regulations, KYC requirements, capital gains, low rates of interest of 2.5% etc. are likely to make these schemes unworkable.