India encouraging temples to sell gold hoards
CaptHenway
Posts: 33,721 ✭✭✭✭✭
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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Comments
<< <i>v. interesting, thanks for this. Curious that a 'Hindu fundamentalist' would propose such a thing. The temples would have little to gain, and a mass dump like that would crater the gold price worldwide.. >>
Dumping paper gold is the only way to crater prices physical means nothing.
<< <i>Dumping paper gold is the only way to crater prices physical means nothing.
>>
Totally agree.... Cheers, RickO
<< <i>
<< <i>Dumping paper gold is the only way to crater prices physical means nothing.
>>
Totally agree.... Cheers, RickO >>
Respectfully, dumping gold in equal measure to the entire world's reserves may have a slight impact.
Perhaps related, but those temples seem like the easiest things to rob ever.
Knowledge is the enemy of fear
<< <i>Hindu temples own lots of gold. The Vatican owns lots of gold. And gold isnt intertwined in religion? >>
and don't forget about the Lannister's.................Plus they always pay their debts
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......