Bron Suchecki: Indian government's gold bond plan aims to depress gold price

Section:

6:50p ET Thursday, September 10, 2015

Dear Friend of GATA and Gold:

The Indian government's plan to sell gold bonds, Perth Mint research director Bron Suchecki writes today, is in effect a system of foreign currency-denominated loans that aims to weaken demand for gold and depress its price. Suchecki's commentary is headlined "Foreign Currency-Denominated Loans -- What, Me Worry?" and it's posted at the Perth Mint's Internet site here:

http://research.perthmint.com.au/2015/09/10/foreign-currency-denominated...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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