After steadily rising for 10 years, how safe are the world’s largest reserves of gold?
India, with the largest (private and government) reserves of gold in world, needs to examine the safety question very seriously. While, there have been many advocates and supporters for many European claims, I am yet to see any support for reclaim of any of the colonial loot from
In spite of close cultural and economic relations, WW2 was started by countries of Western world for gold, oil and access to markets. With excess of printing capacity, any country in world can print notes. During any period of turmoil, what matters is gold. After all, even
Anticipating German invasion of the
After Hitler’s invasion of
After many enquiries, investigations, Montagu Norman, (yes, the same racist who collaborated with Churchill to loot the Indian peasantry) was let off without even a rap on his knuckles. After the war, Montagu Norman set up an institute to do research (like Joseph Mengele) in eugenics. His former boss, another racist, Churchill, set his armies on the Mau Mau, fighting for Kenya’s independence, and hundreds of thousands black Kenyans disappeared. Did the Czechs get their gold back? I doubt!
For nearly 10 years, the Spanish Civil War raged - a proxy war between the Germans and Russians. The target, Spanish gold. During the entire see-saw of the civil war, the entire Spanish gold disappeared - between the maws of the French and the Russians. Reputedly, Stalin boasted that Spain will never see their gold again. I am sure the ghost of Incas were at peace after 400 years.
Year 1542. The Sado gold mines were discovered. In 16th-17th century, Japan became the second largest producer of gold in the world. Rapid rise of
Subsequently, allegedly, a lot of this gold landed with Ferdinand Marcos; the Filipino dictator. Swiss banks,
Nazi gold was found by various armies and individuals all over