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India’s Hindu Temples Use ‘God’s Gold’ to Pay Pandemic Bills
With donations down because of Covid, they’re tapping their Fort Knox-size trove.
22 Sep 2020, 01:52 PM IST
(Bloomberg Businessweek) -- Collectively, Indians own the biggest private stash of gold in the world, and religious adherents have long donated gold to temples, often to honor deities associated with individual temples. Over the centuries, that’s made the country’s 3 million religious houses some of the world’s largest holders of the precious metal. But now India’s temples—shut for months because of the coronavirus pandemic and depri...
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