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>> RESERVE BANK OF INDIA Latest News

JAN 23, 2013 - Business Insider

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India And Vietnam Are Trying To Get Their People Off Gold

When uncertainty reigns, investors all over the world turn to gold as a safe haven. But some countries are starting to take issue with their residents’ preference for storing wealth in gold bars, rather than bank accounts. Large gold imports can throw off a country’s current account balance – the difference between what a country earns and what it spends on foreign trade. Widespread investments in physical gold also mean that large pots of wealth sit idle, instead of being put to work in the broader economy. And in countries where gold is a popular investment, those ... Read More

Tags: India And Vietnam Are Trying To Get Their People Off Gold,  Reserve Bank Of India Latest News