At a gold shop in HCM City. Analysts call for easing
gold policies as it is no longer a speculative asset class or cash substitute (Photo: VNA)
HCM City (VNS/VNA) - With gold no longer being a speculative asset
class or cash substitute, the Government should have a more reasonable policy
for managing it, according to experts.
According to banking expert Dr Can Van Luc said gold cannot be considered
speculative since the Government has put it under strict watch since 2014.
Domestic prices are usually 5 million VND (216 USD) per tael of 37.5gm higher
than global prices, with the gap attributed to the limited supply of both