http://www.thehindubusinessline.com/opinion/columns/all-that-glitters-is-not-gold/article7167251.ece
It is likely that it will take considerable time to put the architecture
in place. At present, only one refiner, the advanced precious metals
processing facility MMTC-PAMP, has LBMA accreditation. Once BIS
integrates the globally acceptable and sophisticated systems into its
set of standards and purity verification, other refiners would have to
be given time to upgrade their facilities. However, in view of the
finance minister's announcements, a beginning would need to be made with
the existing facilities available in the country to unleash the
potential of the huge stock of "under-the-pillow" gold available in the
country. Time is short and we have a lot of catching up to do.''
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