India reserve gold acquisitions reduce sovereign credit risk, according to Gold Policy Center study

The Economic Times/Staff

Repost from 10-6-2021

Map of India colored appropriately - gold“RBI’s addition of gold reserves from 2018 will help the sovereign rating of India, a research by Indian Institute of Management-Ahmedabad released on Friday said. The study of 48 countries by the premier institute’s ‘India Gold Policy Centre’ for two decades ending 2020 said high levels of central bank gold reserves have a strong impact in reducing the sovereign credit risk of that country in international markets.”

USAGOLD note: In other words …… Diversification matters.

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