Going For Divine Gold
August 31, 2013 2 Comments
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!
There’s a lot of shrill commentary in the press on economic matters.If,like me, you happened to miss the LS debates of yesterday,here is the full test of MMSs speech in the Lok Sabha explaining his take of the economic situation in the country:
“Had we used the breathing time that this ( Fed’s QE Programme) gave us to address the structural factors and brought the CAD down to its sustainable level, we would have been able to withstand the ‘taper’. In the event, we did not. We, therefore, made ourselves vulnerable to sudden stop and exit of capital flows driven by global sentiment; the eventual cost of adjustment too went up sharply.”-Duvvuri Subbarao,RBI Governor in his farewell speech
I am on a drive to book ads on my site.I have marked the tentative spots on offer.So if you have a business you’d like to advertise here or you’re an ad agency.Please know your offers are welcome.
Its interesting to see the self employed figures.How much of this is disguised unemployment?
wealthymatters 