Topic: Monetizing 24 000 tonns of Gold. (Read 116 times)
The World Gold Council (WGC) has estimated that Indian houselds and temples have 24,000 metric tonnes of Gold valued at around 12 Billion US $. This is more than the Gold stock of the central banks of USA, all European countries and China PUT TOGETHER !!! This is lying idle in lockers and temple safes. If this stock were to be monetized, it would act like BANK GUARANTEE for funding various projects. The Government of India's efforts to monetise this has failed miserably mobilising less than 1% in a recent project. Can the BTC community help the Indian Community in monetizing this 24,000 tonnes of family/temple Gold.Most Gold is unaccounted without records with elements of ANONYMITY making it ideal for a Ethereum ERC -20 token project ::)Indians don't wish to melt their Gold. Females own and inherit Gold in Jewellery form which is 75% of 24 000 tonnes.
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