Gold or Ferrari?

Kalyan Kumar
2 min readNov 24, 2023

“You have to choose one: Gold or Ferrari”

Obviously Ferrari my doppelganger shouted at the banker in a parallel universe more precisely on Earth 0211.

Great then you can mortgage your gold under Gold monetisation scheme, Indians can deposit gold & it will help the depositor earn interest at the rate of interest decided by Central Government and notified by Reserve Bank of India from time to time.

👑 A depositor who makes a short-term deposit of between one and three years will receive 2.25% interest yearly.

👑 The interest rate for medium- and long-term deposits is 2.5 per cent.

👑 The gold monetization plan’s profits are exempt from capital gains tax.

👑 This method can be used by businesses, trusts, jewellers, and gold hoarders to profit from gold.

👑 But be aware that you won’t get your jewellery back in the exact condition that you gave it to the bank; instead, you’ll get cash or gold coins and bars.

👑 Under this programme, a gold bar, coin, or piece of jewellery weighing no less than 30 grammes of raw gold may be deposited.

Sounds great but is this scheme valid on actual earth?
Yes Sir! on every possible earth this scheme is available and is a hit.

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Kalyan Kumar

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