▲ 3 r/IndiaFinance
RBI trading in comex?
This might sound like a ridiculous idea but what if India bought up a idea like handing over all the gold owned by citizens.
Imagine 1 billion population each owns like a bare 30 grams. Thats 30 billion grams of gold. Which is roughly 30k metric tonnes of gold that is more than any big banks in comex.
I think india can get to a better position in this global crisis if played right. Im no genius in this but if anyone have any insights about this please weigh in.
u/Adventurous-Loquat30 — 4 days ago