14th India International Gold Convention on 11-13 Aug 2017 at Grand Hyatt, Goa. Concluded Successfully...
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Surge in price of bitcoin in global market has created buzz here in India. A segment of investor community including media has started comparing bitcoin with gold as an alternate investment seeing its massive rise. Reserve Bank of India has made its point clear once again that it does not recognize bitcoin as a legal currency and cautioned ?any user, holder, investor, trader etc, dealing with Virtual Currencies will be doing so at their own risk?. It is certainly a matter of grave concern seeing the meteoric rise of its value in less than two weeks time. In our opinion gold is a dependable and time-tested asset class considering its intrinsic value, broad-based holding, transparent pricing and liquidity. Hence, the industry needs to educate the potential 'bitcoin' enthusiasts on these aspects.


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