Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: koan who wrote (35212)	3/7/2007 3:21:47 PM
From: Condor	Read Replies (1) of 78424

Sorry..gold is the primary reserve of wealth in India. Years ago I had the pleasure of meeting with the President of the Bombay Gold Exchange (title??) and he said they moved 200 tons of gold through Bombay each year. He was the one that told me gold in jewellery and bullion was the storage of family wealth. By the way...we had lunch and went on a riverboat cruise that afternoon. He, I and a Dr. from Illinois. The Dr. told me he was going the following month on trip to climb that big mother of a mountain in Nepal. (Jeez..can't remember the name of it) Feeling a litlle out classed, I told them I slept at a Holiday Inn Express last night. <gg> Seriously though it was a VERY interesting afternoon and it was during a several day investment conference in New Orleans. That was also where I met Doug Casey. Well, thats about enough name dropping for now. Cheers C +++++++++++++++++++++++++++++++++++++++++++++++++++++ “The hoarding tendency is well ingrained in Indian society, not least because inheritance laws in the middle of the 20 th century lent a great desirability to anonymity. Indian people are renowned for saving for the future and the financial savings ratio is strong, with a ratio of financial assets-to-GDP of 93%. Gold is valued in India as a savings and investment vehicle and is the second preferred investment behind bank deposits. India is the world’s largest consumer of gold in jewellery (much of which is purchased as investment). Gold circulates within the system and roughly 30% of gold jewellery fabrication is from recycled pieces. India is typically also the largest purchaser of coins and bars for investment (over 80 tonnes per year).” infochangeindia.org

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next