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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (13039)	5/1/2004 1:02:39 PM
From: Peter Joseph	Read Replies (1) of 110194

<< China has an affinity to gold but India has an affinity to silver >> And what makes you think that? The dowry system (still) rules in India. And gold (ornaments) is the biggest portion. Watered down (22 karat). And yes, purity is a big issue. Indian women (and many men) love gold dearly, more so than the western women love diamonds. A massive, unknown amount of gold is stashed away in the safe-deposit vaults of the banks in India. Silver OTOH, account for less than 1% of the Indian ornament market. i do realize that silver has many other uses.

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