The last time I checked India's debt is $310+ billion. A lot of this treasure would be ornaments, which would seem repeated if kept in museums. They might as well auction this off to pay debt. Handing such massive wealth to people will only result in it's disappearance :P
$22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
11–20 of 39 posts
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#12>$22 billion [...] is likely a conservative estimate [...] the panel is simple counting and weighing the valuables. "Their value, including antique value, is not being assessed" A quick back of the envelope calculation indicates $22 billion corresponding to 450 metric tons of gold. This is an immense quantity: India's current gold reserve is about 615 tons [1], and there were recent years when it dropped under 400. I…
The find includes gems too, diamonds, etc. So those push up the value immensely, and command a higher value per kg than gold (I'm assuming).
Also, the valuation might be higher due to its historical value.
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#13Am I the only one who had flashes of being a little kid watching Indiana Jones pop into his head after reading this? It would be nice if they could use the gold for something beneficial to the people of the area (improve roads or schools or something), but its naive of me to think they can easily sell this stuff. Maybe loan the treasures to museums for a fee?
It is a very contentious issue: the wealth belongs to the Temple trust which is controlled by the erstwhile Royal family. Also, the Government has no say on it since it was donated to the Temple by private entities even before the govt. was formed.
Even if the court decides that the control of the wealth should go to the government, there is going to be huge contention since the donations were religious in nature, and has such strong connotation.
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#14India had thousands of such temples for example, Somanatha etc. from which Arabs, Mughals and the crazy British took from it. When British came to India, india was the richest country and when they left India, India was the poorest country. Whites people have bad culture.
I'm an Indian and a hindu. I've been to that temple. It's really sad to think that there would thousands of people around that temple who would go hungry as we speak and this temple has wealth that will pretty much stay locked up for the rest of humanity. It'll never get invested. No next google would come from thiruvanandapuram because of this. People would go on their lives living in terrible houses, driving terrible vehicles on atrocious roads. And Hindu fanatics would organize protests at the first mention of using this for any practical purpose.
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#15Am I the only one who had flashes of being a little kid watching Indiana Jones pop into his head after reading this? It would be nice if they could use the gold for something beneficial to the people of the area (improve roads or schools or something), but its naive of me to think they can easily sell this stuff. Maybe loan the treasures to museums for a fee?
It belongs in a museum!
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#16Am I the only one who had flashes of being a little kid watching Indiana Jones pop into his head after reading this? It would be nice if they could use the gold for something beneficial to the people of the area (improve roads or schools or something), but its naive of me to think they can easily sell this stuff. Maybe loan the treasures to museums for a fee?
It belongs in a museum!
They have top men working on it.
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#17[deleted]
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#18Am I the only one who had flashes of being a little kid watching Indiana Jones pop into his head after reading this? It would be nice if they could use the gold for something beneficial to the people of the area (improve roads or schools or something), but its naive of me to think they can easily sell this stuff. Maybe loan the treasures to museums for a fee?
It belongs in a museum!
What was briefly yours is now mine....
Re: $22 Billion In Gold, Diamonds, Jewels Found In Indian Temple
#19Better demolish the bloody temple and errect sth meaningful there.