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[–] DukeofAnarchy 0 points 1 point (+1|-0) ago 

It will be interesting to see whether the Indian public are gullible enough to fall for this scam.

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[–] carlip ago 

I'm sure the US will put a stop to this, or pay Pakistan to do it for them. Either way, ain't gunna happen.

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[–] brother_tempus [S] ago 

Remember, gold has been and will always be money ....

From the article :

In Sunday Indian Prime Minister Narendra Modi said the scheme to "monetize" the precious metal could be ready in weeks.

Under the plan, people who own physical gold will be allowed to put their metal into banks and earn interest until it is withdrawn. The idea is to mobilize the thousands of tonnes of gold estimated to be sitting idle in Indian households.

"Please, don't let your gold be dead money," Reuters quotes Modi as saying. "Gold is very important for the country. Gold can become an economic strength for us."