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*** GOLD-TARDS: INDIANS LEAD THE WAY !! ***

 
Anonymous Coward
User ID: 1537541
India
09/06/2011 11:25 AM
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*** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
NEW DELHI: The glitter of gold is taking the shine off India's growth story. According to World Gold Council, India's gold imports rose 60% in April-June 2011 from a year ago, as people snapped up the timetested hedge against inflation. India has always been a huge gold consumer, but the yellow metal is now our second-biggest import, behind crude, up from fifth place in 2007-08.

As money has flowed into gold, India's household savings have moved away from productive financial assets, falling to 9.7% of GDP during 2010-11 compared with 12.1% in the previous year. This shift away from financial savings can dent growth, but it's hard to say by exactly how much.

"To the extent there is a shift from household savings in financial assets towards gold, which we know has been happening, it would lead to some loss in the GDP growth," said Indranil Pan, chief economist, Kotak Bank, "although it's hard to gauge the magnitude of the loss." Gold imports are up nearly half a percentage point of the GDP in the last three years, implying that much more of savings is getting locked up in an unproductive asset.

[link to timesofindia.indiatimes.com]

5a
Anonymous Coward
User ID: 1537545
India
09/06/2011 11:32 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
Indians have btw 15,000-25,0000 tons of gold.Greater than all central banks combined and the govt wouldn't dare to confiscate gold.
Unlike USA where you have your fema camps the govt cannot imprison 1.2 billion of us.hell we would do a jail bharao agitation(fill all the jails) just what gandhi did.
Anonymous Coward
User ID: 1390188
United States
09/06/2011 11:37 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
how many tons of that gold does india actually have in reserves?

I am betting 90% or more is actually held in jewelry, this isnt a stock inventory either

"According to a recent report, India possesses approximately 39,000 tons of gold valued at roughly $300 billion, of which only 700 tons is held by the Government and the remainder is in private hands. This huge reserve represents national savings taken out of circulation and unavailable for further investment in the nation’s development."
Anonymous Coward
User ID: 1530960
United States
09/06/2011 11:39 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
how many tons of that gold does india actually have in reserves?

I am betting 90% or more is actually held in jewelry, this isnt a stock inventory either

"According to a recent report, India possesses approximately 39,000 tons of gold valued at roughly $300 billion, of which only 700 tons is held by the Government and the remainder is in private hands. This huge reserve represents national savings taken out of circulation and unavailable for further investment in the nation’s development."
 Quoting: Anonymous Coward 1390188


And THAT is why Americans are slaves.
Anonymous Coward (OP)
User ID: 1537541
India
09/06/2011 11:39 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
Indians have btw 15,000-25,0000 tons of gold.Greater than all central banks combined and the govt wouldn't dare to confiscate gold.
Unlike USA where you have your fema camps the govt cannot imprison 1.2 billion of us.hell we would do a jail bharao agitation(fill all the jails) just what gandhi did.
 Quoting: Anonymous Coward 1537545


laugh wave
Anonymous Coward
User ID: 1390188
United States
09/06/2011 11:41 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
too bad India is so dysfunctional.......it could be something, but probably not in the next couple of decades
Anonymous Coward (OP)
User ID: 1537541
India
09/06/2011 11:44 AM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
too bad India is so dysfunctional.......it could be something, but probably not in the next couple of decades
 Quoting: Anonymous Coward 1390188


whatever Governance is the MAIN problem.

raspberry
SaveTheLivingEntities​

User ID: 1534085
United States
09/06/2011 12:33 PM

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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
Also, there are large hidden stashes of Gold in India.

[link to www.huffingtonpost.com]

Most of them belong to devotees of Vishnu who have donated to the temples throughout the centuries.

In the Srimad Bhagavatam it tells of a mountain in the Himalayas that is made up of gold.
"A sense of common interest can be fostered among individuals, if they know that they are inter-connected, are parts of one Organic System and are the sons and daughters of one Father. Here is the task of all religions; to teach people that all beings of the world are closely inter-related. Although steadfastness or firm belief in God (Nistha) according to some particular faith and eligibility of the individual is congenial for healthy spiritual growth of every individual, religious bigotry which begets enmity is condemnable, as it is against the real interest of the individual and society. Real religion teaches love for one another. Lord Sri Krishna Chaitanya Mahaprabhu propagated the cult of all-embracing Divine Love which brings universal brotherhood on a transcendental plane.

(Srila Bhakti Dayita Madhava Maharaja )


"If one loves Krishna, he must love Lord Jesus also. And if one perfectly loves Jesus he must love Krishna too. If he says, "Why shall I love Krishna? I shall love Jesus," then he has no knowledge. And if one says, "Why shall I love Jesus? I shall love Krishna", then he has no knowledge either. If one understands Krishna, then he will understand Jesus. If one understands Jesus, you'll understand Krishna too"

(Srila Bhaktivedanta Swami Prabhupada - Room conversation with Allen Ginsberg, May 12, 1969 / Columbus - Ohio)

Transmigration Of The Soul. All you need to know about REINCARNATION

Thread: YOUR CONSCIOUSNESS IS A PRODUCT OF ALL YOUR PAST LIVES ***Transmigration of the Soul: Proof of Re-Incarnation*** ( 11 part video documentary ) link for thread
Anonymous Coward
User ID: 1537066
United States
09/06/2011 12:36 PM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
... Gold imports are up nearly half a percentage point of the GDP in the last three years, implying that much more of savings is getting locked up in an unproductive asset.

[link to timesofindia.indiatimes.com]
 Quoting: Anonymous Coward 1537541


So that's how they will vilify gold.
Anonymous Coward
User ID: 1509229
United States
09/06/2011 12:39 PM
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Re: *** GOLD-TARDS: INDIANS LEAD THE WAY !! ***
indians come over to amerika and do well that says something.

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