The RBI was the child of the BoE and it is suspected to be a puppet of the BIS and IMF.
The following are bad for India:-
1.Forex Reserve contains a meagre percentage of Gold,consisting ,almost,entirely of FIAT Currencies.
Gold has to be more in India's Forex Reserves.
Huge Forex Reserves,in FIAT weakens India's Rupee making Indians poorer.More Gold in the same will weaken the US Dollar and hence strengthen the Rupee.This will make Indians preserve their wealth.
2.US Treasury Holdings are rising at a rapid rate WEAKENING the Rupee,while many other Nations are dumping the same.
3.RBI is anti-Gold due to BIS,IMF,US Federal Reserve,BoE etc.This will endanger India's Finance,in the long run.
The following are bad for India:-
1.Forex Reserve contains a meagre percentage of Gold,consisting ,almost,entirely of FIAT Currencies.
Gold has to be more in India's Forex Reserves.
Huge Forex Reserves,in FIAT weakens India's Rupee making Indians poorer.More Gold in the same will weaken the US Dollar and hence strengthen the Rupee.This will make Indians preserve their wealth.
2.US Treasury Holdings are rising at a rapid rate WEAKENING the Rupee,while many other Nations are dumping the same.
3.RBI is anti-Gold due to BIS,IMF,US Federal Reserve,BoE etc.This will endanger India's Finance,in the long run.
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