CA NeWs Beta*: Gold monetization scheme Fraud

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Wednesday, October 28, 2015

Gold monetization scheme Fraud


Gold monetization scheme Fraud:
·        The gold that is deposited in banks will some day be shipped to IMF, the way Manmohan Singh just shipped 180+tonnes of gold to IMF.  IMF (with the help of RBI Governor, which is always IMF person, to convince the Govt) hopes that someday when a corrupt Govt comes in power, then they will ship all the gold to IMF again and people will be left with paper currency which will not have any value at that time.
·        To make sure that people cannot withdraw that gold is that if One withdraws before 15 years he will be penalised.
·        To encourage people to deposit more and more gold, one does not have to pay any tax on the interest earned.
·        Your Gold will be melted into bars ready for shipment.

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