Digital gold: A convenient investment method or a Ponzi scheme in making?

The digital wave in gold is at a nascent stage, with about two tonnes of gold held at vaults on an outstanding basis, although the total number of customers using the digital mode to buy gold is estimated at about 80 million. This is due to the fungibility that the product offers and that there are no storage hassles. It is an interesting time and digital should be the way forward but it can’t be on a regulatory infrastructure that is hanging on a loose thread. Digital gold could, in fact, become the biggest Ponzi scheme in India if a