Whalesbook
So, India mein households ke paas lagbhag 34,600 metric tonnes gold hai, jiski value $5 Trillion se bhi zyada hai. Bhai, ye toh world ke top 10 central banks ke total gold se bhi zyada hai! Par mazza kya hai, ye sara paisa bas gharon mein pada hai, economy ke liye kuch nahi kar raha.
Government ne try kiya tha is gold ko use karne ka, jaise Gold Monetisation Scheme (GMS) 2015 mein launch kiya tha. Lekin bhai, usse sirf 31.16 metric tonnes gold collect ho paya 2024 tak. Socho, kitna kam! Isliye uske medium aur long-term deposit options March 2025 se band bhi kar diye. Public aa nahi rahi because trust nahi hai, gold ko log jewellery ya security mante hain, paisa nahi. Collection, testing sabme problem hai, aur returns bhi khas nahi the jo gold price appreciation ko beat kar sakein.
Ek taraf jahan schemes fail ho rahi hain, wahi dusri taraf gold loan sector boom kar raha hai. Market bol raha hai ki yeh ₹15 lakh crore tak pahunch sakta hai March 2026 tak. Kyunki gold price badh raha hai, toh collateral value bhi badh rahi hai, aur loan dena easy ho gaya hai. Lekin yahan risk bhi bahut hai. Agar gold price gir gaya, toh lenders ka paisa dub sakta hai agar borrowers default kar dete hain. Lenders ko undervaluation aur operational issues se bhi problem ho sakti hai. Fitch Ratings ne bhi warning di hai non-bank financial institutions ke liye. Borrowers ke liye sabse bada risk hai ki woh apna family heirloom kho sakte hain agar loan default kar diya, khaas kar unregulated lenders se.
Aur problem yeh hai ki India ke official gold reserves sirf 880 tonnes hain, jabki gharon mein 34,600 tonnes se zyada hai! Matlab wealth ka bahut bada part bas hoard ho raha hai, productive capacity mein nahi lag raha. Gold import pe jo 3% GST lagta hai, woh bhi physical gold ko digital assets, jaise Electronic Gold Receipts (EGRs) mein convert karne mein roadblock hai. Kuch experts suggest kar rahe hain ki ek comprehensive national gold policy chahiye jo gold ka role define kare. Kuch log gold-backed pension schemes ka bhi idea de rahe hain.
Abhi cities mein log Sovereign Gold Bonds (SGBs) aur Gold ETFs jaise formal investments use kar rahe hain. Lekin desh ka zyadaatar gold abhi bhi physical form mein hi hai. GMS ke long-term deposits band karne se lagta hai ki ab digital gold platforms ki taraf zyada shift hoga aur investment methods zyada transparent honge. Lekin is $5 Trillion gold ko sach mein economy ka hissa banana ek mushkil journey hai. Trust build karna, processes easy banana aur cultural value ko economic benefit se jodna bahut zaroori hai.