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To: IngotWeTrust who wrote (93427)2/6/2003 9:41:13 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 116954
 
Heard around the circuit: more Good India news to warm the goldbugs' collective cockles:

"Background News
ICICI Bank in India is about to launch a range of gold bullion products, including ICICI Bank gold accumulation plans, gold accounts for private investors, lending facilities for local manufacturers, and spot and futures trading.

The bank expects to have 200 branches with gold retail facilities by the end of this year.

The bank is already selling ICICI gold coins, which were launched last December and are the first retail gold investment products to be sold by a local Indian bank."

******************
COMMENTARY:
Probably some of this will unleash pent up gold demand by Hindu and Christian Indians alike, as they are fed up with underkarated gold which has embarrassed them in the dowry traditional giving season just passed.

If someone finds a pix of one of these "ICI....bank gold coins, I'd like to see the graphic. Thx.

More demand is needed to keep up with increased production, even tho' Richard Russell keeps telling us we're not making more of this stuff available above ground, HE'S Wrong!!!

A few minutes on Bob's goldsheetlinks.com will quickly show just how wrong ole man of the Dow theorist truly is.

GO INDIA!!! RAJ RAJ RAJAH!!!



To: IngotWeTrust who wrote (93427)2/6/2003 11:36:51 PM
From: long-gone  Read Replies (1) | Respond to of 116954
 
<<He is amusement factor only>>

& we should find him funny in what way?