Panch Tattva Wisdom

About Nifty100 stocks & sound portfolio buildup


Idle gold in to productive assets… An idea

As per my understanding FPI investment is about worth ₹4 lac cr at present. Indian public should buy them out with funds raised by selling gold/silver but who can make them do it? I think the govt by issuing gold bonds in exchange of physical gold and keep the gold in reserve; an equivalent amout in dollars may be then withdrawn from forex reserves help by RBI. Then it may be used to buy out stakes from FPI slowly and gradually. In this way India will stand to gain economically in a substantial way.



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