Spain, at one time, had a lot of gold stolen from the Inca collection in South America.
James Michener wrote about it in “Iberia”. The curse of the Inca gold.
From being the richest manufacturing nation in Europe, Spain became the poorest because of hyperinflation caused by the release of the gold into public circulation.
Every Spaniard had so much gold that they stopped working and industries collapsed.
India . . .
Already, India is one of the four largest markets in the world on a purchasing power basis i.e. after the US and China, with Japan in fourth place.
It has been estimated that if all the gold in India was gathered in one place, it will have the largest quantity of the metal in the world, and hence the “richest” country.
Keeping the experience of Spain with the Inca gold in mind, it’s not possible and/or advisable to gather all the gold in India — gov’t, private, temples and households — in one place and release it into public circulation.
Every Indian household, no matter how poor, has some gold. Indians refuse to keep their gold with the state-owned Gold Trust of India.
They don’t trust the gov’t and politicians.
Indians have been accumulating gold for at least 8, 000 years for cultural and economic reasons. The gold has been passed on generation to generation. The tradition has been especially perpetuated by the dowry system.
India has been invaded countless times over the centuries because of the nation’s haul of gold in homes and temples. Much gold has been hauled away to Afghanistan, Iran, Central Asia, Greece, Spain, Portugal, France, the Netherlands and Britain.
Unlike other countries, gold has multiple uses in India. Indians generally don’t wear fake gold.
Most of the gold smuggling in the world is into India. Travellers to India wear a lot of gold. They can sell them for a good amount of money to cover their travel expenses.
Indian gold is 18K (carats). So, any gold with higher carats fetch good value.
Malaysian gold is 22K and in high demand in India as gifts.
Pure gold is 24K.
China . . .
There’s suspicion that much of China’s gold reserves are in fact gold-plated i.e. not solid gold.
PLA, an Army of little emperors, sissies and pondan, spends 25 per cent of time on studying Marxism-Leninism.
Indians can beat the shit out of the Chinaman. The 1.2b Indians will beat the shit out of the PLA.
Beijing has no business in Tibet.
India will eventually chase the Chinaman out of Tibet, Sinkiang, Yunnan, Gobi Desert, Inner Mongolia, Manchuria, the South China Sea and Straits of Malacca.
It can’t enter the Indian Ocean except with permission. It can’t enter the Andaman Sea, Bay of Bengal and Arabian Sea.
China is a threat to global security because the same party is in power forever.
In other countries, the people have a chance to change the ruling party every five years.
The regime in Beijing does not have the consent of the governed.
The people have lost their sovereignty to a few communists in Beijing.
There’s no rule of law in China.
The communists don’t recognise international law, free speech, free press, freedom of conscience,
human rights and freedom of association.
Read further here . . .
India will not take sides.
It will not fight any nation on behalf of another.
The CEOs at the multinationals are picked by AI computers. Indians, by temperament, make good CEOs, COOs and Managers. They have leadership and communication skills.
America needs India more than vice versa. India probably needs no one.
Unlike the West, Indians don’t believe in living on debts. It’s a cultural thing.
Every Indian household, no matter how poor, has some gold.
Indians have the largest private collection of gold in the world. Yet, they refuse to invest in the Indian gov’t’s Gold Trust of India.
The Trust is a failure.