“At a time when nothing seems to be able to stem the Indian rupee’s decline, a novel idea to boost the currency is doing the rounds: use the tons of gold stashed away in people’s homes and in temples. There is no firm estimate of how much gold is held by Indian temples, but it is believed to be several thousand tons. Jamal Mecklai said banks could pay interest for gold, and then sell a large portion of the stock in the domestic market. London Bullion Market Association Chairman David Gornall told The Hindu Business Line newspaper that the Reserve Bank of India could swap the 200 tons of gold that it had bought from the International Monetary fund in 2009, for dollars.”
http://blogs.wsj.com/indiarealtime/2013/08/26/can-temple-gold-help-the-rupee/
Tip Freedomwat.ch Staff with Bitcoin