Is India About to Flood the Gold Market With 200 Tons of Leased Gold?

Discussion in 'Gold' started by House, Aug 22, 2013.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Buy are they sucking up paper gold? Cause that's all this 'leased' gold is likely to be.

    Even a hungry seagull won't touch paper.
     
  2. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    Another nascent possibility;

    ZH
     
  3. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    LOL .
    That would make them really popular!

    ;)
     
  4. long88

    long88 Member

    Joined:
    Jun 19, 2012
    Messages:
    756
    Likes Received:
    12
    Trophy Points:
    18
    Location:
    Melbourne
  5. mmissinglink

    mmissinglink Active Member

    Joined:
    Sep 30, 2012
    Messages:
    6,009
    Likes Received:
    10
    Trophy Points:
    38
    Location:
    Everywhere...simultaneously
  6. House

    House Well-Known Member Silver Stacker

    Joined:
    May 1, 2012
    Messages:
    9,527
    Likes Received:
    287
    Trophy Points:
    83
    Location:
    Stack City
    All well and good to list a whole load of banks but where's the irrefutable evidence to back up the claim? The source link no longer exists. Most Central Banks are publicly or partly privately owned while others, such as the BOJ, is publicly traded but also part privately owned.
     
  7. bron suchecki

    bron suchecki Active Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    1,239
    Likes Received:
    2
    Trophy Points:
    36
    Location:
    Perth, Western Australia
    That temple would have no problem issuing unallocated - easy to see they have the gold but obviously no delivery could be made without destroying the temple.
     
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    Religion is of no concern to bankers. They'd happily take delivery even if it meant chipping away at the temple and its sculptures with a hammer and chisel if it was profitable
     
  9. systematic

    systematic Well-Known Member

    Joined:
    Jun 6, 2010
    Messages:
    6,649
    Likes Received:
    341
    Trophy Points:
    83
    If there was that much real gold sitting there waiting to be plundered, the USA would be after Hindu terrorists ...
     
  10. cowsgomoomoo

    cowsgomoomoo New Member

    Joined:
    Jun 14, 2012
    Messages:
    41
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Southern tip
    https://www.mauldineconomics.com/ttmygh/never-the-twain

    Not sure if this been posted before; I enjoy reading Grant William's thoughts on PM.
     
  11. havo

    havo Member Silver Stacker

    Joined:
    Oct 12, 2011
    Messages:
    144
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Sydney
  12. systematic

    systematic Well-Known Member

    Joined:
    Jun 6, 2010
    Messages:
    6,649
    Likes Received:
    341
    Trophy Points:
    83
  13. boston

    boston Well-Known Member Silver Stacker

    Joined:
    Jul 7, 2009
    Messages:
    3,857
    Likes Received:
    24
    Trophy Points:
    48
    Location:
    Australia
  14. systematic

    systematic Well-Known Member

    Joined:
    Jun 6, 2010
    Messages:
    6,649
    Likes Received:
    341
    Trophy Points:
    83
    it was only a matter of time ....

    The Central Bank of India asking for details of the gold assets of temples
    (OroyFinanzas.com) - The Central Bank of India is sending questionnaires to the Regents of Hindu temples to know what kind of assets they have in gold and thereby quantify the gold wealth in religious places. This act of intervention is difficult to justify since a large group of opponents in front of him, for example, the Hindu priests and the rulers of the temples.

    The opposition has moved beyond words. The administrator of the famous Sri Krishna temple in Kerala has rejected the questionnaire Federal Reserve Bank of India, refusing to reveal wealth embodied in gold temple. This decision was taken by the Council of the temple Maintenance based on "technical problems" to value gold holds sacred.

    According to the administrator of the temple, the central bank has asked stock inventory of available gold and other valuables that may also contain gold. In particular, the questionnaire is addressed to the temples of greater display of wealth, one of them being Sri Krishna.

    External evaluators believe that the amount of gold that builds the temple is about 600 kilograms, plus an account of 500 kilograms deposited in the chambers of custody of the Central Bank. In this regard, the Central Bank what matters is to know how much gold is in its possession or how much gold is out of your control.

    This week is expected to meet the TDB, a committee of regents of over a thousand temples in southern states of India, to decide whether to respond to the questionnaire of the monetary authority or not. Is likely to issue a negative response given the opinion that has spread across the country on this issue.

    The fear of the clergy and administrators of the temples is the adoption of a law on confiscation of gold bullion and convert them to market. If this were to occur, would be a desperate move to Hindu authorities to resolve the serious crisis facing external payments at this time, produced largely by gold imports .

    According to the Deputy Governor of the Central Bank, Shanta Kumar, is simply a collection of statistical data: "We ask the details as part of a statistical exercise to bring gold details in possession of these sacred places and other public places. Let's start with the work we had planned to cover temples and places of worship of other communities, brotherhoods and assemblies. "

    http://chasvoice.blogspot.com.au/20...aign=Feed:+CharlestonVoice+(Charleston+Voice)
     
  15. systematic

    systematic Well-Known Member

    Joined:
    Jun 6, 2010
    Messages:
    6,649
    Likes Received:
    341
    Trophy Points:
    83
    [youtube]http://www.youtube.com/watch?v=J93TDEK91PA[/youtube]

    Is nothing sacred....... apparently not .... next stop the Vatican??
     

Share This Page