Tuesday, July 5, 2011
Billions In Gold Found
Have you heard about the treasure found in India? It's the stuff of legends, estimated in the billions of dollars, reportedly staggering amounts in diamonds, pearls, rubies and all the rainbow in precious and semi-precious gem stones. Gold lots of gold, imagine it is being weighted in kilos! statues, coins, crowns, tiaras, a veil made of gold weighing in at a colossal 36 kilos, rings even a 6 meter long gold chain, a treasure that is the stuff dreams are made of.
In fact this could be the largest treasure ever found, far greater than that of King Tut
The valuables have been donated to the temple for at least 100 years, the 16th century temple in southern India, was built by the kings of Travancore, their decedents have looked after it until recently when it was taken over by the government who as a matter of procedure count all the contents. The Temple has hidden vaults and cellars containing treasure, the last time two of the vaults where opened was around 130 years ago.
The royal family, has been the custodians of the temple until recently.
The Supreme Court had received partitions from the royal family, appealing the Sri Padmanabhaswamy temple, not be taken over.
So what happens to all the treasure? There is much discussion about it, will it bring the price of gold down, if access amount are released on to the market at once? How does it get spent? Will the poor country spend it on the poor? Pay off dept? Or perhaps it will end up in a museum.
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