The worlds biggest Gold Reserves.

[jbond197]

It's just amusing to see people confusing themselves between Debt and Deficit and yet acting as some economic experts..

American Deficit is around a trillion dollars not 14 trillion dollars..

American Debt is around 15 trillion dollar and of which more than 11 trillion dollars is owned by American public. 1 trillion dollar is held by Japan and 1 trillion dollar by China and rest by other entities.

and now read this

Financial institution and household debt combined, as a percentage of GDP is now at the lowest level since Q4 2002. In short, households and financial institutions have undertaken significant balance sheet repair, which in the case of the latter sector, leaves them in a particularly more robust financial position.

source -->
America's Debt Levels Are Falling To Pre-Crisis Levels

So hold your horses before you wish American collapse.. Also much before a minor jolt to America your country, which is already bankrupt, will collapse many times..

 

[Thomas]

The American deficit is about 14 trillion dollars so look at what you have been smoking to say that.
To balance things out, America will be left with a few billion dollars to manage with, so it is printing paper to save face.

You are flat wrong! The deficit is not 14 trillion the debt is 14 trillion. The yearly deficit is around 1.3 trillion. That is what needs to be cut and brought into line. Total yearly US tax revenue is currently around 2.3 trillion.

 

[ephone]

You forget to mention your mom is also among the ones that were sold???!!! Then it came a bastard like you???

There is not a Chinese alive that would not sell his mother for that American "toilet paper"

 

[harpoon]

yeah right they need 20 bill doll of gold, what true devotees. dude that gold belongs to nation.

You realize that most of this gold is in the shape of artifacts (and not gold bars) which has great archaeological value.

govt should seize as soon as possible.

Also don't forget the gold crosses in churches, gold in Sikh temples and wakf lands.

 

[Nair saab]

yeah right they need 20 bill doll of gold, what true devotees. dude that gold belongs to nation. govt should seize as soon as possible.

This Gold Belongs to No Nation... This Gold was there Even Before Republic of India was created ... Temple Gold Only Belongs to temple Devotees ( I.E Hindus ) & Temple Itself ... Any 1 dare touch that Gold there would be No more Republic of India there Would only be a Hindu Rashtra ...

@ Karan21 does the Gold U & Ur Family wears belong to Nation ... Stupid Indian Leader have Ruled democratically with modern System of Governance & Created Debts worth Billion & now India is one of the Poorest Country in the World ...

When Hindu Kings used to Rule India , She was the Richest Country in the World ... & Scathed So much wealth in temples that Even today they can Clear the Debut created by Modern Leaders in 65 years ... I salute the real Kings who Ruled India sincerely ...

& Dont give nonsense Comments ... even if we give a Mountain of Gold to Indian government Still they will eat all of it leaving India the Same... So there is no question of Temple Gold ... Dont Dare us Hindus, there is Limit for everything ...

If they want Money then Sell there leader Gandis Langoti , Slipper & Lungi kept in Museums...

What Stupid Governance ... when Hindu Kings Ruled India they Stashed Gold in Tons ...Now when Secular Leaders Rule Indian there Underwear & Trousers r Stoked instead of Gold ... This is the Achievement of Indian Secular Republic ... Thu Thu Thu...

 

[jbond197]

@Indians, Stop fighting, nobody is taking any gold from the temples.. It's not the invasion times that anyone can come, destroy the temples and steal the gold and other treasure stored in it..

But one thing to be taken care of is, theft of the temple treasures. This has happened in the recent times as well so proper security need to be in place or atleast Mandir trusts should keep 100's kgs of Gold /Silver/Diamond Jewelries in Safe deposits in some banks.. Not talking about the jewels of dieties but the ones that are in excess..

 

[joekrish]

yeah right they need 20 bill doll of gold, what true devotees. dude that gold belongs to nation. govt should seize as soon as possible.

Yup! You can plunder the temples as much as you like but before that just check if you can do the same with the Churches and the Mosques then we could sit down and bruid about what can be done.

 

[aristocrat]

Can't goi introduce some policy to earn profit by harnessing this consumer gold??At present most of the population keeps gold in their home or bank lockers.

 

[Nair saab]

Can't goi introduce some policy to earn profit by harnessing this consumer gold??At present most of the population keeps gold in their home or bank lockers.

No Government can make Laws to earn from peoples Personal wealth ...

We r Not living in a Hitlers Germany where Jews can be Stripped of there Gold & Wealth for the Sake of nation and its wars ...

 

[harpoon]

Can't goi introduce some policy to earn profit by harnessing this consumer gold??At present most of the population keeps gold in their home or bank lockers.

There is a great push towards the gold loan where gold kept idle in houses are now used for funding businesses, car loans, house loans. educational loans etc and in the private sector Malayalees are leading the charge with Muthoot & Manapuram gold finance.

 

[Bilal587]

indians have biggest gold reserve.. because we have 'sone ka dil' for 1.2 billion people

r u sure including slums people

 

[The SC]

You are flat wrong! The deficit is not 14 trillion the debt is 14 trillion. The yearly deficit is around 1.3 trillion. That is what needs to be cut and brought into line. Total yearly US tax revenue is currently around 2.3 trillion.

The debt is the cause of the deficit, in the first place.
So at best the US has 1 trillion to live on, that is not much for 260 million people, the American economy is actually in red and printing paper money which is like fake money, so it turned to be a Mafia state, printing false value money and trying to "clean" it on the no fare better other economies of the third world or even Europe, who will start soon to do the same with the Euro, so let us plainly state that the world economy is becoming a Mafioso economy.