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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 02/24/2008 : 12:45:41
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This is more opinion than fact, but worth considerng...
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The arguement "There will be no exports of gold or silver from India"
should read 'there will be no official exports of gold or silver from India' since anything you can think of, legal or otherwise,can and will be exported to eager buyers.
Unoffoical rule of economics-
whenre there is a demand, there will be a supply, legal or otherwise.
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Edited by - pencilvanian on 02/24/2008 12:48:35 |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 03/18/2008 : 16:33:56
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Looks like Mr. Phillips stands corrected...
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India Feb gold imports plummet, silver exports start
.......Hundia added with international silver prices above those for local scrap silver, Indian trading firms were exporting silver for the first time.
"Scrap silver utensils are being refined and being exported after converting them into bars. About two tonnes silver is being exported almost daily in the past one to two months," he said.
Separately, about 400 tonnes of unsold silver ordered by Indian firms and lying with banks for the past five to six months due to the lower prices for local silver scrap were likely to be re-exported, Hundia said.
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Gold, Silver & India
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