User:Ajraval/gold is old

GOLD IS OLD.

“Gold is the child of Laxmi.” “Neither moth nor rust can devoureth it.” “Gold is Gold. Everything else is rolled-gold.” “All that glitters is not Gold.” Gold is world’s rare metallic element. Chemical Symbol of Gold is AU. AU derived from Latin Aurum=Glowing. Gold has melting point at 1064 degree Centigrade. Several properties of Gold, its inability to react with water and oxygen. has made gold immortal in our life.

World countries hold Gold stock as external official reserves. Stock of gold-holdings by Central Banks and International Organisations, Such stock works out at 32000 tons according to world council reports.

Private holding of gold held by individuals, private organisations works out to 145000 tons.

India is largest repository of gold stock in the hands of private individuals and organisations. It is rumoured that a member of royal family in India holds hundred tons of gold. Temples are reported holding gold stock in large quantity in different forms.

GOLD ALCHEMY. Elixir experiments are reported in reality by the well known Raj Vaidya Charan Tirth Maharaj at Gondal Ras Shala India. He was 92 in 1962. He was clad in safron working two shift a day. The stenos changed every four hours. He was authority on Indian Calandar. There are in his library 1000 year old manuscript throwing light on Indian culture. Indians have claimed to have made gold by refining mercury and experimenting its liquidity by adding certain specific metals and minerals. CHINA WANTS TO DELINK ITS FOREIGN RESERVES FROM DOLLAR.

China's holding of US assets is currently at 64%. It has gradually declined from 84% as it existed in the year 2003. China has negotiated to invest $ 140 billion in IMF SDR (Special Drawing Rights) bonds.

China plowed its currency reserves into gold-stock. It has increased its gold holding to 1054 tonne this year, through domestic purchases and refining scrap gold. It wants to hold 10% gold stock as collateral to its floating currency. It is a fact that china is consolidating itself.

On the other hand, India has presently 400 tonne, 3.6% of gold reserves with Reserve Bank. Reserve Bank would require to stock 800 tonne of bullion gold to reach 10%  level. Purchase of old jewelry and scrap gold is thriving in India by private parties, and exported to Dubai. Therefore RBI needs to open counters in Banks, Post Office, to buy used gold from public. There is stock of 15000 tons of gold in India in hands of private parties, individuals and institutions. Around 500 tons of gold scrap entered the global market in the recent past. It finds its way to Dubai. Dubai purchases scrap gold, refines it and converts it into gold coins which sell like hot cakes through out the world. Metals are made-up of certain quantity of Protons, Neutrons and Electrons in different properties in different metals. Theoretically speaking it can be possible to change base metal into gold by nuclear reaction where heavy radio active metals would get burned including some isotopes of gold even. In practical field no experiment has so far proved successful. It is not possible to convert theoretical arithmetic into reality.