Gold Deposit Scheme

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Indian Government is coming up with Gold Deposit scheme, where people can save the gold and earn an handsome interest out of it. This is done due to undue hoarding of gold in raw form or in  jewelleries and gems. This will automatically hoard the system and the country is bringing in lot of Gold from outside and looses more of the foreign currency to other countries. So Government comes up with the plan to bring out the hoarded Gold and bring it in the flow system, where the Gems and Jewellery owners can buy it from the market and the savers can earn an handsome interest too.

Nova Scotia Bank is coming up with the policies. As this Gold comes out, Gold market is going to crash as this will be counted physically. India imports more than 100 tonnes of Gold per year. As 75% got hoarded, automatically when this come out, it will be shooking the world market in one instance. Total Gold is expected to come out will be 20,000 tonnes of Gold. Wait and watch......Gold is going to crash fast.......

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