Going For Divine Gold


wealthymatters

When the going gets tough,the only thing that seems to work is gold.Not only is the government trying to leverage private gold through the Bullion Corporation Of India,but temple hordes too don’t seem to be inviolate.Here’s what today’s TOI reports:

The Tirupati temple in Andhra Pradesh, Shirdi Sai Baba temple in Maharashtra, Siddhivinayak at Mumbai and Padmanabhaswamy temple in Thiruvananthapuram are among the richest in India with huge reserves of gold and precious metals. In fact, the roofs of many temples, such as the Nataraja temple in Chidambaram, Tamil Nadu, and Tirupati are covered with gold. RBI is counting on banks handling the accounts of these temple trusts to convince them to convert their huge gold deposits into cash, the bankers said.

Apparently we don’t need foreign invaders of the Ghazni variety to think of pillaging temple gold.

Here’s hoping that the non government trustees of these temples manage to keep there temple treasures safe!

 

About Keerthika Singaravel
Engineer,Investor,Businessperson

2 Responses to Going For Divine Gold

  1. Alex Jones says:

    Paper currency is worthless, gold is worth something.

    • Yes.And apparently the world is calling the bluff of our government and hammering the currency.I tried going shopping yesterday and was totally surprised at the lack of inventory in some of the big name jewellers.

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