Me Gold! Me Gold!
It all ends in this..
Those are teeth from the death camps with gold fillings...
Posted on 10/01/2013 11:25:21 PM PDT by Theoria
India’s temples are resisting divulging their gold holdings - perhaps nearly half the amount held in Fort Knox - amid mistrust of the motives of authorities who are trying to cut a hefty import bill that is hurting the economy.
The central bank, which has already taken steps that have slowed to a trickle the incoming supplies that have exacerbated India’s current account deficit, has sent letters to some of the country’s richest temples asking for details of their gold.
It says the inquiries are simply data collection, but Hindu groups are up in arms.
“The gold stored in temples was contributed by devotees over thousands of years and we will not allow anyone to usurp it,” said V Mohanan, secretary of the Vishwa Hindu Parishad organisation in Kerala state, in a statement.
Indians buy as much as 2.3 tonnes of gold, on average, every day - the weight of a small elephant - and what they don’t give to the gods is mostly hoarded. Jewellery is handed down as heirlooms and stored away with bars and coins as a hedge against inflation or a source of quick funds in an emergency.
That is costing the economy dear. Gold imports totalled $54 billion in the year ending March 31, 2013, the biggest non-essential item shipped in from overseas and a major factor in swelling the current account deficit to a record in 2012/13.
Guruvayur temple, in Kerala, one of the most sacred in India and boasting a 33.5-metre (110-ft) gold-plated flagstaff, has already told the Reserve Bank of India (RBI) it won’t divulge any details.
“The gold we have is mostly offered by the devotees. They would not like the details to be shared with anybody,” said V M Gopala Menon, commissioner of the temple’s administrative board.
(Excerpt) Read more at khaleejtimes.com ...
Didn’t the Libyan rebels set up a central bank even before Qaddafi was taken out?
I’d bet anything there isn’t an ounce of gold in Fort Knox and hasn’t been for years.
Me Gold! Me Gold!
It all ends in this..
Those are teeth from the death camps with gold fillings...
Well until the government decides to STEAL it all from everyone...
Then this should happen...
Executive orders are unconstitutional.
estimated half held in fort knox...?
half of nothing is nothing in these temples?
I gave all of mine to a travelling minstrel show for free tickets. The guy caught me at a time when the gold was on bottom. And I didn’t get a receipt.
Not true.
That one was and that Supreme Court was cowardly not to strike it down.
But an Executive Order is perfectly legal if it used by the president to provide direction to the executive branch of government in the execution of a lawful policy.
Yep...went to finance the “New Deal” which was actually the Raw Deal...
Good for them.
I gave all my gold to some hermit-looking dude for a mason jar full of magic beans. I, too, did not get a receipt.
Oh, and I also traded all my guns to the same guy for a wheelbarrow full of cabbages.
The beans turned out not to be magic, but together with the some of the cabbages they made a fine soup
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