Bloomberg: India’s Hindu Temples Use ‘God’s Gold’ to Pay Pandemic Bills

Bloomberg: India’s Hindu Temples Use ‘God’s Gold’ to Pay Pandemic Bills. “Hindu temples hold as much as 4,000 tons of the precious metal, according to the World Gold Council, a stockpile as big as Fort Knox’s and administered by trusts empowered by Indian law to act on behalf of the deity. The Travancore Devaswom Board, a prominent temple association in the southern state of Kerala, has for the first time decided to deposit some of its treasures with banks—which pay interest on gold deposits of varying terms—to raise funds and pay salaries, according to the board’s president, N. Vasu.”

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