India is the Richest Nation on Earth

[Anonymous No.16372197]

It is highly probable and likely that India has physical possession of more above ground (mined) gold than any other country in the world and unverified sources claim that this could be up to 20-25% of the gold ever mined (~170,000 tonnes).

The Indian Federal Government's gold holding pales in comparison to privately held gold (with approximately 600 tonnes in federal reserve India comes a poor 10th in the world). But one can say with confidence that despite the rampant stealing of the metal from India in the past by all and sundry the overwhelming affinity for the metal by the large Indian population (Indians have been buying gold at a clip of 400-800 tons every year) tilts the title of largest holdings of gold in India's favour.

The statistics reflect gold’s importance to Indian culture. Estimates suggest that up to 8% of spending in Indian homes goes towards gold jewellery and coinage, and last year the World Gold Council announced that verified private gold holdings in India were at least 25,000 tonnes.

[Anonymous No.16372211]

>>16372197
isn't that the OneCoin scam bitch?

[Anonymous No.16372283]

>>16372197
And yet they still shit all over their streets.

[Anonymous No.16372293]

How did we get so many Indians on this board?

[Anonymous No.16372355]

buy link sirs! boat party waits us. MARINES is the reasons why we are called

[Anonymous No.16372362]

>>16372197
Wasn't some temple recently discovered as well that contained hundreds of tonnes of gold?

[Anonymous No.16372454]

>>16372211
It's Priyanka Chopra (at the start), the most beautiful woman in the world.

>>16372362
Yes.

https://www.forbes.com/sites/jimdobson/2015/11/13/a-one-trillion-dollar-hidden-treasure-chamber-is-discovered-at-indias-sree-padmanabhaswam-temple/

[Anonymous No.16372505]

>>16372197

[Anonymous No.16372514]

>>16372454
>It's Priyanka Chopra (at the start), the most beautiful woman in the world.
disgusting shitskin, kys

[Anonymous No.16372537]

>>16372454
>Liberal courts force vaults to be made public and opened up
>"massive amount of gold mysteriously disappeared"
This really pisses me off.

[Anonymous No.16372591]

India super pooper 2020 sirs !

[Anonymous No.16372659]

Being a pajeet I have listened many stories about naked sadhu babas who can turn any shit into gold and made many devotees rich they then donate this gold to temples. Anything is possible on India not just IT support.

[Anonymous No.16372981]

We have the most gold reserves by a large margin also the most government and bank owned gold in the world. America is #1 God wanted it that way.

[Anonymous No.16372992]

>>16372362
A lot of Indian temples do, because gold is sacred to sweet vishnu

[Anonymous No.16373136]

This post makes that hotdog water guy look like a fucking genius.

Firstly, how much gold is 25% really worth.
Well it's believed that 190,040 tonnes of gold has been mined in history, which makes 6,109,927 troy ounces of gold, or just north of 37 trillion US dollars.
Sounds like a lot doesn't it... but wait, there's like a BILLION people in India. Suddenly that means that if India had even 25% of all the gold, it means there's something like $9,333 dollars of gold per person.

For comparison, the current market value of US gold reserves is stated to be 388.4 bn, making just the gold RESERVES, not even gold held privately about $1,109 per capita.

I call bullshit, or is that street shit? I forget what it's called in India.

So, if India is so fucking rich... why is it still a third world country? I realize there's horrible wealth in equality there, where your Mittals and Tata familys, who live in London anyway, control most of the wealth.

But you want me to believe that India has 9x the gold of the US gold reserves, yet they still open defecate in streets and have smog levels worse than cigarette smoke?

[Anonymous No.16373198]

Imagine harvesting all the poo that Indians produce and using it to make energy. Imagine the potential.

[Anonymous No.16373325]

>>16372197
>hindu
>kills india
>disgusting filthy religion

[Anonymous No.16373337]

>>16372514
this
i hate indians

[Anonymous No.16373348]

>>16372197
Sounds like a good reason for gold to never moon again.

[Anonymous No.16373364]

>>16373198
>Imagine the potential.
Imagine the smell. That's a lot of pootential if you will. Why they'd be a Supoooper Power. I'm not shitting you. They could really be the number 2 economy in the world. It's a solid thing.

[Anonymous No.16373388]

>>16372293
This is our board

[Anonymous No.16373391]

>>16372197
Wow, they've been lo key stacking gold.
That's pretty based.

[Anonymous No.16373393]

>>16372283
That's what happens when your country's resources are devoted to acquiring commodities you don't really need rather than put to more practical use.

[Anonymous No.16373415]

>>16373393
That's unironically based tho. They'd rather spend money on crypto or PMs than plumbing. Pretty much what /biz/ should aspire to be.