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India’s rich temples may open gold vaults for Modi

Posted by drb2 @ 15:35 on April 10, 2015  
Good God!  they are relentless.   they must be desperate for physical.
I would almost guarantee that somewhere in the shadows JPMorgan or Goldman Sachs lurks behind this.
I hope the Indians know if they go for this, the temples will never see their gold again
http://finance.yahoo.com/news/indias-rich-temples-may-open-035422898.html
[snip]… Modi’s government is planning to launch a scheme in May that would encourage temples to deposit their gold with banks in return for interest payments.     ( “scheme” is right !)
[snip]… Modi would also like to convince Indians to open their family vaults, which hold an estimated 17,000 tonnes of gold in jewellery and other heirlooms.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.