blog

The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook and Google+ pages.

World’s Largest Gold Hoard

June 13, 2012 09:10

Gold has been very popular in the country of India and continues to be to this day. However, the world gained a whole insight on India’s gold when the government took inventory at the Sree Padmanabhaswamy Temple. It was found to contain at least $26 billion (yes, billion) in gold and silver artifacts.

The treasure at the temple wasn’t “lost” in a traditional sense. As a matter of fact, the Sree Padmanabhaswamy Temple is widely known for its beautifully intricate sculptures. Its six underground vaults, however, were not visited often. Priests did open four of the vaults for certain occasions, but others less frequently – with one having been sealed for nearly 140 years.

The temple has been around for hundreds of years. It was built by the Travencore royal family during the 16th century, but is controlled by a trust run by the Royal family, presently. Questioning the security of the temple’s assets, the Supreme Court of India ordered that the vaults be opened and inventoried. Naturally, the sheer amount of treasure inside came as a great surprise. Thousands of gold coins, massive golden idols, sacks of diamonds, and more incredible treasures have been catalogued. Currently, the treasures are being valued by the market price of their precious metal or gem content alone. If official’s were to factor in craftsmanship and historical significance, the treasure of Sree Padmanabhaswamy Temple could exceed $1 trillion.

How did it all get there? Archaeologists believe the treasures to be hundreds of year’s worth of temple offerings and donations. The temple is situated near what was once a popular trade route, so it’s likely that many prominent merchants and royalty made many tributes over time. It all eventually added up to be one of the biggest gold hoards in the entire world.

Sell Your Lot

Sell Your Lot >

Get an instant payout quote for your precious metals, then choose from 2 ways to sell.

MGS Apps

MGS App >

Download our precious metals prices app and take advantage of a suite of unique tools, including historical charts, price alerts and more!