India urges its wealthy temples to bolster the economy with gold | World news | The Guardian

Wealthy Hindu temples such as this one are repositories for much of the $1 trillion worth of privately held gold in India – about 22,000 tonnes, according to an estimate from the World Gold Council. In 2011, one temple in south India was found to have more than $22bn in gold hidden away in locked rooms rumoured to be filled with snakes. Another has enough gold to rival the riches stashed at the Vatican, experts said.

via India urges its wealthy temples to bolster the economy with gold | World news | The Guardian.

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