Monday, March 17, 2014

EYEING GOD'S GOLDEN IN INDIA

India's central bank, The Reserve Bank of India.kicked up a storm after it asked select rich temples of India to declare the value of their gold holdings.
Temple boards, Which manage temples in India, rejected the RBI' s
request to furnish gold stock details While Hindu religious outfits threatened to launch a nation -wide protest on behalf of  the Temples.
The RBI is understood to have stepped back.
"We [the Hindu parliament] had threatened to stage nation-wide
Protests on behalf of the Temple against RBI 's stand A The Temples
are under no obligation to reveal any details to any government body

INDIA 'S FORT KNOX 

The US Bullion Depository Fort knox's website says it has 147 million ounces ( 4603 Tonnes) of gold holdings currently. Interestingly, according to the World Gold Council estimates, Temples in India  have about 2000 tonnes of gold (84bn) and  the Reserve  Bank of India (RBI, June 2013 statistics) reported holdings of  557.7 tonnes of gold.

Statistics state that Indian Temples
Possess the equivalent of half of what Fort knox holds.

In 2011 , gold worth $26bn was discovered  in subterranean vaults at the centuries- old sree Padmanabhaswamy Temple,  in the southern state of kerala.

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