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To: Bill Jackson who wrote (12254)	10/29/1999 6:35:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 14627

Bill, <<There are supposed to be as many as 20 billion ounces of silver in India as jewellery? Sounds big but it is only a few hundred ounces per bride on average.>> I agree at some price you are going to start the return of silver back into the market, but I suspect that it will be at much higher than we have now. Silver bought for a dowry, is just that - silver for a dowry. If a father wants to wed his daughter off - he's better have one (a dowry) .... if he doesn't he's SOL. MB

To: Bill Jackson who wrote (12254)	10/31/1999 2:29:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 14627

<<There are supposed to be as many as 20 billion ounces of silver in India as jewellery? >> I estimate that no more than 35-40 billion ounces of silver have been produced since day 1. A lot of it has been consumed. The photo biz now consume 1 billions every 4 years and most of it is not recovered and lost. This market sector alone probably consumed 7-10 billions ounces (if not more) alone in the last 50 years... no ? You think that 20 billions in Indian Jewellery is possible ? Seems to me like a huge number.