Vast treasure hoard found in India

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Moot

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Secret underground chambers in a 16th century temple have been discovered in India that hold an almost unimaginable hoard of treasure. Containing gold and gems worth at least 14billion pounds. With 2 vaults still to be opened.
Found so far are 2,500lb of gold coins and precious stones along with many other treasures such as gold ropes; a 3ft 6in idol of the Hindu god Vishnu embedded with diamonds, emeralds and rubies, and an 18ft-long gold chain weighing more than 75lb to adorn it. The intrinsic value of the hoard is astronomical even before the actual value as historical artefacts and antique pieces of craft.
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http://www.telegraph.co.uk/news/worldnews/asia/india/8616698/Gold-and-gems-worth-up-to-14-billion-unearthed-from-Indian-temple.html
 
Probably the Indian government. I wouldn't doubt the people of the country will never see a dime of it.
 
Keef
Probably the Indian government. I wouldn't doubt the people of the country will never see a dime of it.
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They'll see it.

Up on top of a hill, overlooking them.
 
Keef
Probably the Indian government. I wouldn't doubt the people of the country will never see a dime rupel of it.
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I'd have love to have been there when it was uncovered. I'd have walked out a few pound heavier!
 
Hopefully the majority of it will be put into a museum for public viewing.
 
I think it's a bit complicated. The search was forced by the government and courts, the religious order that controls the temple want to keep it in the temple and under their control. The authorities are concerned about the lack of security for such a valuable treasure.
That is a strategic amount of assets.
I can see Pakistan and China fixing the GPS coordinates for their missiles on this temple. They could wipe out a significant target with a strike there, although you couldn't really destroy the metal itself, well could be irradiated Goldfinger style. "Who mentioned anything about removing the gold Mr Bond?"
I mean 14billion would order a lot of missiles/jet fighters etc for the Indian military.
 
Mark T
Hopefully the majority of it will be put into a museum for public viewing.
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Why would you want that much valuable metal to be put on display? I think it should be used to help route fiat currencies around the world.
 
Keef
Why would you want that much valuable metal to be put on display? I think it should be used to help route fiat currencies around the world.
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Yeah because Ferrari is just a large Mafia organisation that's used to distribute money globally.
 
Moot
Yeah because Ferrari is just a large Mafia organisation that's used to distribute money globally.
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Are you being serious or are you just pullin' my leg?
 
Moot
No I don't have any evidence of Fiat money laundering.
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Right.

I wrote fiat, not Fiat. Wikipedia to the rescue to explain what fiat currency is...

Nearly all official "money" used around the world is only money because governments say so. Most of these fiat currencies are tied to no material of any real value. It's legislated money, and is nigh worthless. Thus arises the opportunity for central banks - government agencies or otherwise - to manipulate the currency as they see fit, typically leading to widespread financial hardship and eventual meltdown, as people around the world are experiencing right now.
 
What new fiat currency?

The term "fiat" is descriptive. The US dollar is a fiat currency. The British pound is fiat. Euro. Yen.
 
Keef
Why would you want that much valuable metal to be put on display? I think it should be used to help route fiat currencies around the world.
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I just feel that with ancient artifacts they should be preserved for future generations to see.

I suppose the government may consider recycling the precious metals. Alternatively, there may be a way to use the treasures as a form of collateral against much needed infrastructure in the country.

I think these treasues are likely to be locked away for a few years while they are catalogued.
 
Moot
Which countries currencies are not fiat then? If the norm is for them to be fiat, why are we talking about fiat?
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Pretty much all countries that are active in the world economy use a form of legislated money that isn't actually worth much in and of itself. We're talking about it because you misunderstood term I used, and I was just letting you know what I was on about.
 
I'm assuming this is small potatoes compared to the amount of gold currently in existence - so this is not going to devalue the metal in any noticeable way...

Edit: Confirmed... drop in the bucket. Nice find though.
 
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Danoff
I'm assuming this is small potatoes compared to the amount of gold currently in existence - so this is not going to devalue the metal in any noticeable way...
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Probably not. But even if it did, it's still better than fancy smellin' paper. Hell, plastic spoons are more useful than a dollar bill. It's not like I can write anything on a slip that's already been inked all over.
 
All right, all India has to do now is make that a world heritage sight, and then follow up with a demand to the British government to return the Kohinoor diamond to India (And I mean a serious "yo if don't give it back, we'll 🤬 up your economy even more" kind of demand.).
 
Is Angelina Jolie going to make another sequel? Please.... Nooooooooo.

Anyways, I'm much more interested in the chronological value. They say Hinduism is old, well, how old are these artifacts? Who made them?
 
p-coletray
Is Angelina Jolie going to make another sequel? Please.... Nooooooooo.

Anyways, I'm much more interested in the chronological value. They say Hinduism is old, well, how old are these artifacts? Who made them?
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I think it says " Made in China " underneath the statue.
 
Some folk are going to be in trouble when Smaug comes back to find his hoard gone.
 

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