Bron Suchecki: Indian gold monetization scheme a temporary solution


9:12p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Perth Mint research chief Bron Suchecki figures that the Indian government's gold "monetization" proposal will serve mainly to encourage Indians to buy the gold that other Indians are seeking only to lend. Suchecki writes: "There is a mismatch here. One side wants to lend and still own it, whereas the other wants to own it outright. That cannot be squared with any fancy financial footwork. No Indian bank is going to go short gold in Indian rupees."

Suchecki's commentary is headlined "Indian Gold Monetization Scheme a Temporary Solution" and it's posted at the Perth Mint's research page here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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