New Gold Reserves in India

Gold
@gofsey (1912)
Madurai, India
February 22, 2020 6:54am CST
"It was bound to happen, the mineral reserves in India was always a subject for discussion. They have discovered 3,000 tonnes of gold which is next only to the US and Germany in total gold reserves country wise. I don't know if it will change the way we live or bring down prices but it sure is a good feeling to know that your country is richer than before. Does this new mineral reserve change your perspective of India?" This news seems to be fake. We just got the news. But, it created excitement for a while. Post your views anyway.
6 people like this
5 responses
Anna
@LadyDuck (458867)
• Switzerland
22 Feb 20
Switzerland is number 7 for golden reserves, that is pretty good for such a small country.
2 people like this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
23 Feb 20
That is nice so the position of your country seems secure. But, there seems to be a small setback. The news seems to be fake or not allowed to be published. Either way, India slips back to its original ninth position. Italy is third.
2 people like this
Anna
@LadyDuck (458867)
• Switzerland
23 Feb 20
@gofsey I am really surprised by Italy, they are chating!
2 people like this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
25 Feb 20
@LadyDuck ha ha they needn't. Italy has great food also pizza and spaghetti. And a groovy mediterranean climate.
2 people like this
rappeter13
@rappeter13 (8608)
• Romania
23 Feb 20
I don't know how the gold reserves impact the way a country lives. I guess they use them only in case of crisis.
2 people like this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
25 Feb 20
Yeah, that could be it. It might help also Like if you have huge coal reserves the price of coal will come down bringing all the prices down. Maybe it doesn't add up that way.
2 people like this
DE
@DaddyEvil (137142)
• United States
3 Apr 20
No, new reserves of gold wouldn't change my opinion of India. (Honestly, I have a few uhm... less than optimal opinions about India as a country.) But, for the most part, I have very good opinions about the Indian people I've met and those I talk with on myLot, though. And even if that hadn't been fake news, the lives of the average Indian wouldn't have changed just because more gold reserves had been discovered there. What enriches a country doesn't necessarily enrich the people.
muhammad iqbal
@happylife1 (13404)
• Karachi, Pakistan
22 Feb 20
no doubt india is a big market and a big country...
2 people like this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
23 Feb 20
Yes, you are right. India is a big country with lots of things going on. China and Hong Kong are bigger markets.
1 person likes this
Daniel James
@Ajy78613 (2001)
• Australia
4 Mar 20
I didn't heard that news before, thanks for sharing this news.
1 person likes this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
5 Mar 20
Things are going to change in India for sure. But, it will take some time I guess.
1 person likes this
Vivian Sudhir
@gofsey (1912)
• Madurai, India
6 Mar 20
@Ajy78613 It is like the season, the change in the weather changes everything beginning with the price of vegetables. I am waiting for the vegetable and fruit season to begin.
1 person likes this
Daniel James
@Ajy78613 (2001)
• Australia
6 Mar 20
@gofsey yes i agree with you
1 person likes this