Financial Daily from THE HINDU group of publications
Friday, Nov 05, 2004
Financial Daily from THE HINDU group of publications Friday, Nov 05, 2004 |
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Opinion
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Letters Glittering gold
This is with reference to the "Making gold glitter in households" (Business Line, November 4). As rightly pointed out in the article, gold is more liquid than real estate as it is divisible. India is one of the largest consumers of gold in the world. The demand for the yellow metal in the country is immense, and is not likely to come down in the near future. As suggested by the article, schemes using gold ornaments can be introduced and the same offered by the mutual funds/banks/proposed pension fund providers and life insurance companies. It can be used not only for pension purposes but also for credit delivery purposes. However, appropriate mechanisms/regulations and instruments need to be evolved to achieve this. T. Selvam Chennai Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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