July 29, 2022

Golden Day For India- Gets a Bullion Exchange

 https://www.moneycontrol.com/news/business/economy/iibx-will-enable-india-to-influence-global-bullion-prices-says-ceo-8907041.html

 India has the World`s largest holding of privately held gold.

This is , also , a National asset which comes in handy at the times of National emergencies like in 1962 China War , 1993 foreign exchange crisis etc, when common Indians gave their personal Gold to the Govt.
 
As the saying goes.
 
Q .What is the Golden Rule ?
A. He who owns the Gold makes the Rules.
 
There is a Saying in the World Bullion Markets
 
" As long as there are Monsoons and Marriages in India Price of Gold cannot Fall "
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Personal  Note
 
 Our family in National emergencies , in 1993 and also in 1962 gave to the Govt. substantial quantities of gold ornaments. The gold , in primary form , was later returned .But the Govt never acknowledged our gesture.

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