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Politics : Gold and Silver Stocks and Related Commentary
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To: Bruce Robbins who wrote (17919)9/1/2005 12:00:15 PM
From: seventh_son  Read Replies (1) of 18308
 
>I am not assuming anything. I asked a simple question IMHO. Thank you for your answer.

Sorry to be defensive, Bruce. Your questions are good ones. I am trying to get other information beyond what I've provided to you and will let you know -- a problem is, of course that much of the world's gem trade comes out of poor, disorganized countries in Africa and Asia and is black market. On the purchase side, my impression is that gems are hoarded by some wealthy elites in Asia not unlike gold is, and they are not telling anyone what they are buying or how much they have. I also do not trust US import statistics. Of note is that fact that importing raw gems into the US directly from Burma (which supplies most of the world's rubies) is illegal, but that is nevertheless where most rubies come from.
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