Monday, August 1, 2011

Gold will always remain a tresure

From The New York Times:

THIRUVANANTHAPURAM, India — What should India, rising but still plagued by poverty, do with a newly discovered treasure of gold coins, statues and jewels in the vault of a Hindu temple, valued at some $22 billion?

The treasure discovered in the Sri Padmanabhaswamy temple, in India, has brought various suggestions for its use. Suggestions are pouring in from across the country and the world. Some say it should be used to establish universities and colleges. The man who brought the court case that resulted in the unveiling wants it handed over to the Kerala state government. Others want a subway system.

But here in Thiruvananthapuram, the capital of Kerala formerly known as Trivandrum, many people — including the state’s top elected official, Hindus and the royal family that once ruled this part of India and still oversees the temple — argue that the treasure should remain, largely untouched, at the Sri Padmanabhaswamy temple where it has been housed for centuries.

Their attitude partly reflects a suspicion that public officials entrusted with large sums of money will pocket much of it and mismanage the rest. Recent scandals, including one involving telecom licenses that cost the government an estimated $40 billion, have reinforced that cynicism.


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