India's gold monetization plan a bust so far

GrandpaBrianGrandpaBrian Posts: 679 Silver ✭✭✭✭
The Indian government is trying to convince its citizens and temples to turn their gold in so it can be "monetized". But Indians aren't going for the pitch. The plan has only attracted 400 grams so far. That's nothing, especially from a billion people!

By comparison, BitGold attached 79,000 grams in November alone!

People around the world are seeing their fiat currencies losing value. And clearly, Indians see no logic in exchanging their gold hard assets for more paper assets. Note that India is a regular Top 5 Alexa rankings for BitGold.


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