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If the SHTF and Gold becomes money then...India will rule the world

 
Baba Cha
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11/11/2012 03:25 PM

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If the SHTF and Gold becomes money then...India will rule the world
At the moment gold is an asset class, although i agree there are changes happening as I type.

Indian's are the biggest private holders of gold in the world, individuals have been buying gold for centuraies. The Indian central bank holds something like $26 billion, but the people hold around $800 billion!

This article is worth a read.

[link to 2ndlook.wordpress.com]
Anonymous Coward
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11/11/2012 03:25 PM
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Re: If the SHTF and Gold becomes money then...India will rule the world
believe me, when shtf, india will NOT be the place to be
Simple_Man

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11/11/2012 03:26 PM

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Re: If the SHTF and Gold becomes money then...India will rule the world
I disagree ..... the Vatican has in its possession the most mined gold in its vaults
Anonymous Coward
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11/11/2012 03:29 PM
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Re: If the SHTF and Gold becomes money then...India will rule the world
Bollocks if the shift comes FOOD will be the currency then maybe it will be GOLD maybe.

Still you need a healthy economy and civil people to let gold do the job.

Physical goods that are needed will be useful, gold is just a trade mark when society is stable.
Baba Cha (OP)

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11/11/2012 03:32 PM

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Re: If the SHTF and Gold becomes money then...India will rule the world
The article talks about Indians trading their products for gold with the Romans, they minted romans coins into gold, they have been collecting gold (on an individual basis) for thousands of years!

Of course when is say SHTF, i don't mean anarchy and roasting babies over fires, i'm talking about who suddenly has the wealth.
Anonymous Coward
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11/11/2012 03:34 PM
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Re: If the SHTF and Gold becomes money then...India will rule the world
bit hard to spend it when you're under water though
Baba Cha (OP)

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11/11/2012 03:36 PM

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Re: If the SHTF and Gold becomes money then...India will rule the world
bit hard to spend it when you're under water though
 Quoting: Anonymous Coward 26860799


Lets forget armagedon, metorite strikes plague zombies and pole shifts. Lets just think about, ohh,, fiscal cliff.
Anonymous Coward
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11/11/2012 03:45 PM
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Re: If the SHTF and Gold becomes money then...India will rule the world
The article talks about Indians trading their products for gold with the Romans, they minted romans coins into gold, they have been collecting gold (on an individual basis) for thousands of years!

Of course when is say SHTF, i don't mean anarchy and roasting babies over fires, i'm talking about who suddenly has the wealth.
 Quoting: Baba Cha


Well so far when i look on my compass it says that the time of the banking system cartel it needs to be reseted as it always did just look at history and when wars started just like in these days.

So what do you need most in these times most GOLD ?

Ask this yourself.
Anonymous Coward
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11/11/2012 05:47 PM
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Re: If the SHTF and Gold becomes money then...India will rule the world
believe me, when shtf, india will NOT be the place to be
 Quoting: Anonymous Coward 26860799


True. millions of people will riot and starve with gold hanging around their necks, the savages.

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