India Plans to Put Its ‘Idle Gold’ to Work (article)

[dualstow]

India, Seeking a Boost, Plans to Put Its ‘Idle Gold’ to Work
by Ellen Barry | New York Times
http://nyti.ms/1HhAb65

“The lady goddesses are also receiving nose rings,”? he said. “Ample nose rings we have got.”?

^ My favorite out of context quote ^

In May, the government is expected to introduce a plan to induce Indians to deposit gold in banks, offering fixed interest rates for a “metal account.”?

Anybody else here jealous?

There are also plans to issue gold bonds and, for the first time, to issue gold in the unsentimental but fungible form of a coin.

[PureSoul]

I have been to Indian and the women out there wear way too much gold, and specially on festivals they can be called as gold ladies.

Last year India was the biggest importer of gold and the import of gold grew by 8% in 2014.