5 thoughts on “Indian folk holding 25,000 tons of golden residence in the world is the first in the world.”
Sonya
This folk holding 25,000 tons of golden residence in the world is the first in the world. Why become the government's burden? gold is naturally not currency, and currency is naturally gold. The words of Marx expressed the deepest expression of human love for gold. Especially in the field of currency circulation, gold has played an irreplaceable role for thousands of years. This is more vividly performed in India.
The love for gold, no country can surpass India. As long as the Indians allow economic conditions, they will buy a large number of gold jewelry hanging on their bodies. Some brides are even larger than weight. In rural India, there is no gold, and gold jewelry must be supported. It can be said that Indians' love for gold has penetrated into the bone marrow and has become India's lifestyle and life marks.
In Hindu, gold is a symbol of wealth and prosperity, and even gold is transformed into Lakshmi God. 80 % of Indians are Indian tutors. These people think that gold can bring luck and bring wealth, abundance and prosperity.
The beliefs and love for gold religion, which keeps Indian folk gold holding a surprising state. Indian officials currently have only 600 tons of gold reserves, but Indian folk gold reserves may exceed 25,000 tons, which is equivalent to 15%of the world's total gold reserves, ranking first in the world. In India's love for gold, in addition to religious feelings, there are three reasons:
1, gold is very good The effect of preservation, whether the poor or the rich, are willing to buy gold as a reserve. Once they encounter economic difficulties, gold can take out emergency. Therefore, even the poor in the slums will buy a lot of gold as a family reserve.
2, the banknotes issued by the Indian government are chaotic, and gold has an irreplaceable role in circulation. The main reason in the middle of Indian society is all kinds of unsatisfactory bribes. In order to anti -corruption and the implementation of the identity system, the Indian government even abolished some banknotes overnight. Many poor people and corrupt officials who were inconvenient to exchange banknotes were cleared by direct assets. Reserve gold, whether the poor or his wife can achieve the problem of avoiding banknotes.
3, in India's marriage customs, women must have expensive dowry to marry the high -name family and complete the leap of the social class. Even the same surnames, women need to pay dowry. The main content of the dowry is various gold jewelry. Many parents' savings have been used to buy gold to prepare dowry for their daughters.
The folk gold reserves too much. For the Indian government, it is a nightmare. There are three main distress of the Indian government: 1, the gold consumption and imports are too large, resulting in unbalanced foreign trade. This gold consumption and reserve in the world is the first in the world, but the output is seriously insufficient, so it has to spend a lot of foreign exchange purchase of gold every year. India does not have a strong export exchange industry and can only earn overseas Chinese exchange through foreign labor output. The hard -earned money of these multinational workers cannot be industrialized for the introduction of advanced equipment for India, but it is used on the purchase of gold. This is exactly the same as that of gold and luxury goods that destroy the Spanish Empire.
2, gold cannot increase its holdings, and economic risks are large. This gold consumption consumes a lot of precious foreign exchange, while also squeezing the space of government gold reserves. Indian folks crazy purchase of gold pushed up the price of gold, which prompted India's official purchase of gold as a reserve. When a large amount of gold in Russia and other countries accumulates gold in response to international financial risks, Indian gold reserves have never been able to meet expectations. The Indian central bank was distressed.
3, the Indian gold jewelry industry is extensive and has no competitive advantage. The hanging is that India's gold consumption is very prosperous, but it has not developed strong gold jewelry industry and commerce. Indian gold jewelry prices are far lower than neighboring countries, but they do not export gold products to take the opportunity to promote Indian culture. When the main reasons behind this, the Indian industry is underdeveloped, and the purity and craftsmanship of gold jewelry is far from reaching the level of participating in international competition.
The country of India is really desperate. Sitting on Jinshan as a beggar is really sighing.
Because the Indian people consumed too much US dollar foreign exchange in order to import gold, which caused the unstable currency of India's country and caused depreciation, it was the government's burden.
Because when the country's strength is not enough to master a large amount of minerals, it will become dragging, and India's gold cannot be realized into a science and technology economy, so it becomes a burden.
The people's holding does not mean that the government can collect without compensation. If the people have made these gold illegally profitable, it is difficult for him to control it.
This folk holding 25,000 tons of golden residence in the world is the first in the world. Why become the government's burden?
gold is naturally not currency, and currency is naturally gold. The words of Marx expressed the deepest expression of human love for gold. Especially in the field of currency circulation, gold has played an irreplaceable role for thousands of years. This is more vividly performed in India.
The love for gold, no country can surpass India. As long as the Indians allow economic conditions, they will buy a large number of gold jewelry hanging on their bodies. Some brides are even larger than weight. In rural India, there is no gold, and gold jewelry must be supported. It can be said that Indians' love for gold has penetrated into the bone marrow and has become India's lifestyle and life marks.
In Hindu, gold is a symbol of wealth and prosperity, and even gold is transformed into Lakshmi God. 80 % of Indians are Indian tutors. These people think that gold can bring luck and bring wealth, abundance and prosperity.
The beliefs and love for gold religion, which keeps Indian folk gold holding a surprising state. Indian officials currently have only 600 tons of gold reserves, but Indian folk gold reserves may exceed 25,000 tons, which is equivalent to 15%of the world's total gold reserves, ranking first in the world.
In India's love for gold, in addition to religious feelings, there are three reasons:
1, gold is very good The effect of preservation, whether the poor or the rich, are willing to buy gold as a reserve. Once they encounter economic difficulties, gold can take out emergency. Therefore, even the poor in the slums will buy a lot of gold as a family reserve.
2, the banknotes issued by the Indian government are chaotic, and gold has an irreplaceable role in circulation. The main reason in the middle of Indian society is all kinds of unsatisfactory bribes. In order to anti -corruption and the implementation of the identity system, the Indian government even abolished some banknotes overnight. Many poor people and corrupt officials who were inconvenient to exchange banknotes were cleared by direct assets. Reserve gold, whether the poor or his wife can achieve the problem of avoiding banknotes.
3, in India's marriage customs, women must have expensive dowry to marry the high -name family and complete the leap of the social class. Even the same surnames, women need to pay dowry. The main content of the dowry is various gold jewelry. Many parents' savings have been used to buy gold to prepare dowry for their daughters.
The folk gold reserves too much. For the Indian government, it is a nightmare. There are three main distress of the Indian government:
1, the gold consumption and imports are too large, resulting in unbalanced foreign trade.
This gold consumption and reserve in the world is the first in the world, but the output is seriously insufficient, so it has to spend a lot of foreign exchange purchase of gold every year. India does not have a strong export exchange industry and can only earn overseas Chinese exchange through foreign labor output. The hard -earned money of these multinational workers cannot be industrialized for the introduction of advanced equipment for India, but it is used on the purchase of gold. This is exactly the same as that of gold and luxury goods that destroy the Spanish Empire.
2, gold cannot increase its holdings, and economic risks are large.
This gold consumption consumes a lot of precious foreign exchange, while also squeezing the space of government gold reserves. Indian folks crazy purchase of gold pushed up the price of gold, which prompted India's official purchase of gold as a reserve. When a large amount of gold in Russia and other countries accumulates gold in response to international financial risks, Indian gold reserves have never been able to meet expectations. The Indian central bank was distressed.
3, the Indian gold jewelry industry is extensive and has no competitive advantage.
The hanging is that India's gold consumption is very prosperous, but it has not developed strong gold jewelry industry and commerce. Indian gold jewelry prices are far lower than neighboring countries, but they do not export gold products to take the opportunity to promote Indian culture. When the main reasons behind this, the Indian industry is underdeveloped, and the purity and craftsmanship of gold jewelry is far from reaching the level of participating in international competition.
The country of India is really desperate. Sitting on Jinshan as a beggar is really sighing.
Because the Indian people consumed too much US dollar foreign exchange in order to import gold, which caused the unstable currency of India's country and caused depreciation, it was the government's burden.
Because when the country's strength is not enough to master a large amount of minerals, it will become dragging, and India's gold cannot be realized into a science and technology economy, so it becomes a burden.
The people's holding does not mean that the government can collect without compensation. If the people have made these gold illegally profitable, it is difficult for him to control it.
Because Indian currency rupees have too low value preservation capacity