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Offline Alan HassellTopic starter
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« on: November 25, 2009, 07:29:26 pm »
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HOARDS OF GOLD IN INDIA

 
By Alan Hassell

Copyright 30/7/93 all rights reserved

 It might come as a surprise to many, but India and its population are considered to be the largest hoarders of Gold in the World. During the reading of a paper written by the late Mr. William Topley, F.G.S. (of the geological Survey of England & Wales) in Manchester, U.K. 1887, and the question of the amount of precious metals hoarded by the natives arose.

Mr. Topley stated, 'It is unlikely that India will ever contribute to the Worlds stock, sufficient native gold to influence world production. A far more important is the amount of gold being hoarded in India. Most estimates concerning gold are ludicrously vague, but on the question of vagueness is unavoidable.

It is known that ?130,000,000 of gold has been taken into India since 1835; practically none of this is in circulation. Silver being the standard and the coinage of India.

How much was hoarded in the centuries proceeding 1835; no one can say. If it only equals the amount since, we have ?260,000,000 or nearly 13 times the Worlds present (1887) annual production.

The original source of this gold and the ways it reached India would be an interesting subject of inquiry. Since 1851 it is the gold of the world, mainly sent through England; but in long past times it was probably in part of native production, in part the gold of Europe, sent over the old trade routes in return for manufactured articles of India.

It is commonly accepted that at least as much silver is hoarded in India as Gold. If so, the value of gold and silver hoarded in India since 1835 nearly equals in value one third of the total amount of gold and silver coin in circulation in the World. Famines set free some of this gold, and we may perhaps anticipate that the diffusion of Western ideas will free some of this gold, but it is unlikely that gold will come from this source in sufficient quantities to influence the annual production of the Worlds gold.

Over the centuries, wealthy natives having no banks preferred to hide their wealth rather than risk it being stolen. It has been written that the people of India have such a phobia of burying their gold, silver and jewels that they seldom trust their own children and the whereabouts of their hidden assets and often carried the secrets with them to the grave. India is reputed to contain some of the World's most valuable hoards.

The Maharaja of Jaisinghi of Jaiper buried an enormous hoard of gold and jewels valued at ?3,000,000,000 in a secret compartment specially constructed in his palace in Rajasthan. A gypsy gave tax officials a document confirming the burial in 1733. Scientific tests conducted on the parchment confirmed the paper and ink was between 200 and 250 years old, but to this date the cache has never been recovered.

During centuries of invasion, the native rajahs, emperors, Kings and merchants of bazaars have all resorted to burying their valuables in the ground, under rocks or even in lakes, ponds and wells.

A wealthy merchant, reputed to be a millionaire died in 1931 without leaving any trace or clues to a hoard of gold bullion and valuable artefacts he buried underground somewhere between Rajputana and Mount Abu. In 1927 restoration work was taking place at the Palace of Kumher in Central India when worker's repairing one of the walls in Durbar Hall exposed Jewels worth ?15,000,000.

Two years later in 1929 a huge cache of jewels were found in a shrine of the Hindu Goddess Bhavani in the old ruins of Fort Pertabgarh near Poona. Every day of every year Indians wash their clothes and themselves in the Sacred River Ganges. Many women adorn themselves with gold in the form of rings, bangles and chains, not only on the neck and hands but also on their ankles. Some of this gold gets lost in the muddy waters. Although most readers will never visit India in a lifetime, it's nice to know that treasures are there, if you want to be audacious enough to look for it.

keep on hunting lol  Wise

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Offline seaside911
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« Reply #1 on: November 26, 2009, 08:28:04 am »
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What price a TF900 in India ?

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Offline twobox
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« Reply #2 on: November 26, 2009, 10:11:31 pm »
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Yeah, Japs took it and hid it somewhere else...

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Offline hardluck
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« Reply #3 on: November 29, 2009, 09:09:43 am »
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Hello Twobox

I cannot recall the Japs ever invading India???

Hardluck  Huh?

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Offline mindfree
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« Reply #4 on: November 29, 2009, 11:07:41 am »
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Indians still have a great affinity to gold. Every family has its own small treasure of gold jewelry.
And this has been since forever.
Its not the Japs but the Britishers who took lot of gold and diamond from India - almost everything they could lay their hands on.

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Offline seaside911
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« Reply #5 on: November 29, 2009, 05:00:07 pm »
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even still a couple of days in the Kulu Valley with a tf900

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Offline Alan HassellTopic starter
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« Reply #6 on: November 29, 2009, 05:32:03 pm »
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I have always wondered about the mighty ganges has anyone done any detecting in it? I would love to hear from anyone who has done detecting in India and would be kind enough to let us know if they have found anything of value.   alan  Shocked

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« Reply #7 on: November 29, 2009, 11:37:29 pm »
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Hi Alan,
I have lived and traveled a lot around the Ganges where world's greatest civilizations once existed.
These areas are frequently under floods. At some places soil is washed away into rivers and deposits in other places.
i think by now  everything worth finding at these places would be on the river bed.
 

Only way to find out is with a metal detector.
Only if someone could lend me one for this vacation. Kiss

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« Reply #8 on: November 30, 2009, 06:24:45 pm »
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Hardluck,

In March 1944 Japan initiated an offensive into india and advanced as far as Kohima and Nagaland provinces.

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I'VE USED MANY BRANDS AND MODELS-TESORO, WHITES,GARRETT,FISHER,NAUTILUS,D-TEX,WILSON NEUMAN,ETC.
« Reply #9 on: January 31, 2010, 12:52:30 am »
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Just think of the valuables hoarded or cached in India! Makes ya want to crank up the ol' family plane and fly over there to find the goodies. And yes, two folks in my family are pilots and one owns his own plane. I'd like to get a detector on some of that Indian soil... Great

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