Much of gold lying in vaults does nothing for economy: Zerodha CEO

Zerodha CEO Nithin Kamath, while talking about Sovereign Gold Bonds (SGBs) said, "Much of the physical gold lying in vaults does nothing for the economy." "Since the bulk of the SGBs are bought on the exchanges through brokers, they have potentially introduced many new investors who might invest in other things as well," Kamath added.