Contact us
CALL US NOW 1-888-GOLD-160

Fun on Friday: No Gold Biscuit for You!

  by    0   0

How would you celebrate the birthday of a government building?

Maybe send out a press release? Perhaps hold a little assembly and let some politician ramble for a while about how great the building is? Maybe host an open house for the public? Or here’s an idea. Just ignore it. After all, it’s a government building. Who really wants to celebrate that?

Well in India, they go for a little more swanky soirée when it comes time to celebrate their government buildings. The Karnataka Assembly building will turn 60 this month and the state assembly secretariat proposed a lavish 2-day festival complete with a gift of gold biscuits for each lawmaker.

The cost for the shindig? Rs. 26-crore. If you don’t have your handy rupee to dollar calculator with you, that equals 260,000,000 rupees, or about $4 million U.S.

And yes. I did say a gold biscuit for every lawmaker.

At first, I had visions of – like real biscuits – the kind you eat. After all, as we’ve learned from past Fun on Friday articles, eating gold is a thing. I know. Thinking about real biscuits was a little ridiculous. But give me a break. I’m from the south. I really, really like biscuits. With butter. Or gravy.

Anyway, I digress. I think they mean gold bars. The reporting on this story doesn’t tell us how big the gold biscuits were going to be. I guess it doesn’t really matter anyway because the chief minister of  Karnataka nixed the plan.

There is no gold biscuit or any other thing… there are no mementos.”

For some context, Karnataka is one of seven Indian states. It’s located in the southwestern part of the country. So, think of it this way. Imagine if Kentucky held a $4 million celebration for the state capitol building and gave all of the representatives in the state House a gold bar. It seems absurd, right? But having lived in Kentucky for a number of years, it’s really not as far-fetched as one might think. In fact, I hope nobody in state government here reads this. It might give them ideas.

It probably won’t come as any surprise when I tell you Karnataka is extremely poor. According to news reporting, the state is struggling with a crisis of infrastructure and sanitation.

Over the last few months, at least a dozen people have died in pothole and rain-related accidents.”

So, politicians in a state where potholes literally killing people thought it would be a good idea to hold a birthday party for an opulent government building and give themselves gold bars?

Yup. That sounds about right.

Apparently, somebody with a little PR savvy realized this maybe wasn’t the best plan. According to NDTV, “the Chief Minister has ordered drastic cuts to both budget and the duration of the festival. Instead of two days, the lawmakers get to celebrate for only one day and the expenses must be kept within Rs. 10 crore.”

That’s a little over $153,000.

Maybe it’s just me, but that still seems a little excessive for a building birthday party in a state that can’t manage to fill deadly potholes. But hey – what do I know? And it is a really nice building. Just look at the picture!

Unsurprisingly, the guy who came up with the idea of handing out gold to all of the lawmakers denies there ever was such a plan.

“We have sent a proposal…there are various things in it. If the finance department thinks it’s expensive and rejects it then we will drop it. But we haven’t sent a proposal to give gold biscuits,” he said.

Sources in the Chief Minster’s office, however, confirmed there was indeed such a plan. In other words, “various things in it” means gold biscuits.

It appears politicians are pretty scummy in other countries too.

So, if you win an elected office in India, you might be able to score some gold bars. Or you could just call 1-888-GOLD-160 and buy some. It will cost you some Federal Reserve notes, but at least it won’t cost you your integrity.

Fun on Friday is a weekly SchiffGold feature. We dig up some of the off-the wall and off-beat stories relating to precious metals and the economy, and share them with you – with tongue firmly planted in cheek. Click here to read other posts in this series.


Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Fun on Friday: Sometimes You Have to Laugh at the Absurdity

Last Thursday, we embarked on a journey through the Southeast for business purposes and to check up on our kids who live in Kentucky. In case you were wondering, it is as crazy out there as you might imagine if you’re sequestered in your home following events through the news or social media. Don’t worry; […]


Fun on Friday: A Politician Wasting His Own Money

We all know politicians waste money, right? You’ve seen the stories about $640 toilet seats and bridges to nowhere. That kind of stuff enrages me. But it was kind of fun watching a politician waste his own money. I’m talking about Michael Bloomberg, of course.


Fun on Friday: Truly Awful Campaign Slogans

Well, it’s campaign season. I hate campaign season. And this current crop of Democratic hopefuls isn’t doing anything to change my feelings. These people are about as bland as a bag of sawdust. I mean, say what you will about Donald Trump; if nothing else he comes up with some pretty amusing quips. So, in […]


Fun on Friday: Scared of Gold??

The interwebs are a strange place. We can learn about virtually anything with a few keystrokes. We have all kinds of information right at our fingertips. Unfortunately, a lot of it is utter BS. For instance, there was a video that went viral that made some people scared of gold.


Fun on Friday: You Forgot, Didn’t You?

Psst… It’s Valentine’s Day. You forgot, didn’t you? Well, if Valentine’s Day did slip your mind, and you happened to stumble across this post early enough, you’re welcome. Now get out there before it’s too late. And if it is too late, well, I’m sorry for your pain. Hope the couch is comfy.


Comments are closed.

Call Now