the most stunning development in silver

[Large Sarge]

http://investmentwatchblog.com/video-the-most-stunning-development-in-silver/

[Large Sarge]

in may of this year, India imported 920 tons of silver,

over half the world yearly production of silver, for 1 month,

[Spectrism]

See the comment below the video?
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Arizona (http://disqus.com/guest/b4643a9eb3b6167347c1fabace43f133/)


SO are we supposed to trust someone who puts LUCIFERS 666 on the back of their silver coins,I don't think so.............................


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At 4:06 you get a good look at the luciferian symbol Silver Shield put on his coin. WTH???

This symbol was shown on an illuminati TV broadcast.

http://gold-silver.us/forum/showthread.php?70611-Insane-Illuminati-Message-During-MLB-Game-(Live-TV)&highlight=illuminati

[Serpo]

Indian Silver Imports on Pace for New Record in 2013 (http://srsroccoreport.com/huge-indian-silver-imports-on-pace-for-new-record/huge-indian-silver-imports-on-pace-for-new-record/) Filed in News (http://srsroccoreport.com/category/categories/news/) by SRSrocco (http://srsroccoreport.com/author/srsrocco/) on July 1, 2013 • 15 Comments (http://srsroccoreport.com/huge-indian-silver-imports-on-pace-for-new-record/huge-indian-silver-imports-on-pace-for-new-record/#comments)

If the present trend of large monthly silver imports continues, Indian may be setting up for a record year in 2013. According to industry sources, Indian has already imported 2,400 tonnes of silver in the first 5 months of 2013 compared to 1,900 tonnes for the entire year in 2012.
If we look at the chart below, we can see that India imported a record 5,048 tonnes of silver in 2008. This was the year that silver hit a record high of $21 and record low at the $9 level. The Indians were importing record amounts as the price rose to its high in March that year, and they bought even more when it fell all the way to $9 in Oct. 2008.
http://srsroccoreport.com/wp-content/uploads/Indian-Silver-Imports.png (http://srsroccoreport.com/wp-content/uploads/Indian-Silver-Imports.png)
As the world’s economies slowed in 2009, industrial and investment demand declined until it started to picking up again in 2010 and even more in 2011. Here we can see that Indian’s silver imports fell to 1,285 tonnes in 2009, but recovered to over 4,000 tonnes by 2011.
Ever since silver hit a record high of $49 in April of 2011, there has been a long slow grind lower over the past two years. Amazingly, the price of silver has fallen 62% since its high to reaching a new low of $18.50, this past Friday.
This caused world investment demand for silver to decline in 2012, shown by the big drop-off of Indian silver imports in 2012. There were a few news articles out the last month stating that even though the price of silver had fallen substantially in April, there didn’t seem to be many Indian buyers.
However, it looks like things have indeed changed as silver demand is picking up. According to the article “Silver Prices Shoot Up as Prices move to multi-year Lows”,

“Silver stock with several bullion traders were getting exhausted and when prices started falling from mid-April, they booked heavily anticipating demand at lower levels as prices have been falling,” said Monal Thakkar (http://www.business-standard.com/search?type=news&q=Monal+Thakkar), president, Amrapali Group, a leading Ahmedabad-based bullion wholesaler.
According to industry estimates, silver imports (http://www.business-standard.com/search?type=news&q=Silver+imports) during the January-March quarter stood at 760 tonnes. Imports shot up 720 tonnes in April alone, and in May, they further swelled by 920 tonnes.
Monal Thakkar advises consumers and investors to start buying silver now as prices have fallen by almost half from the peak of Rs 75,000 two years ago.
If silver imports were 2,400 tonnes from Jan-May, and we estimate another 1,500 tonnes for June & July, that’s nearly 4,000 tonnes of silver in only the first 7 months of 2013. Even if imports are more conservative throughout the rest of the year, India may still be on hits way of surpassing its record silver imports of 5,048 tonnes in 2008.
http://srsroccoreport.com/huge-indian-silver-imports-on-pace-for-new-record/huge-indian-silver-imports-on-pace-for-new-record/

[Serpo]

KOLKATA: India's gold (http://economictimes.indiatimes.com/topic/gold) imports in June are estimated to have fallen drastically to 35-40 tonne, less than a quarter of what the purchases in May were because of state restrictions, triggering a sharp rise in premiums in the local market and raising a question mark on the survival of small jewellers. The acquisition cost of the yellow metal has shot up as bullion (http://economictimes.indiatimes.com/topic/bullion) dealers are now charging a premium of up to Rs 350 per 10 grams over and above the metal's international price, up from only Rs 40 two weeks ago.

The premium, along with the increase in landed price of gold because of the rupee's depreciation, has denied Indian buyers the benefit of the fall in international prices last month.

http://economictimes.indiatimes.com/photo/20884577/gold-at-a-huge-premium-as-imports-dry-up-survival-of-small-jewellers-at-stake.jpgDealers said they were paying a premium which was being passed on to jewellers. "This has made the yellow metal costly in the Indian market. The rupee (http://economictimes.indiatimes.com/topic/rupee) has also played a crucial role in increasing the landed cost of the yellow metal," said Mukesh Kothari, director at Riddisiddhi Bullions, which is thinking to do away with gold coin and bars sale in order to check the investment demand for gold. "Imports have come down drastically in June," said Harmesh Arora, director, Bombay Bullion Association.

Dealers said imports in June are likely to fall to 35-40 tonne in June from a record high of 162 tonne in May when the Akshyay Trititya festival boosted demand. In the Mumbai market, the spot price of gold was hovering around Rs 26,230 per 10 gm. The price would have been Rs 25,930 per 10 gm if the premium was less. The international price of gold was at $1,260 per ounce.

"It is becoming increasingly difficult to get supplies. Most banks have stopped importing gold which has created a supply shortage in the Indian market. Bullion dealers are offloading gold that they stocked during April and May at a high premium," said Bachhraj Bamalwa, director of Nemichand Bamalwa & Sons.

In a bid to contain the record current account gap, the government banned consignment imports, making it difficult for smaller jewellers with a lower working capital to source supplies. The government also raised the import duty to 8% which made acquisition of gold costlier for the trade. Most of the supplies in the Indian market are now being met by privately-held trading houses and state-run agencies such as MMTC, State Trading Corp and PEC through imports in April and early May as banks are still waiting for guidelines from the Reserve Bank of India on outright cash purchases. C Vinod Hayagriv, managing director of C Krishnaiah Chetty & Sons, said, "The need of the hour is to stop bullion sales to unregistered bullion dealers rather than tighten the noose around the entire employment-generating value-added gems and jewellery sector."

Bamalwa said that if situation does not improve in the next fortnight, the survival of a large number of unorganised players will be at stake. "Nearly 3.5 crore people are attached to this trade and their jobs now hinge on the government's move," he said.


http://economictimes.indiatimes.com/markets/commodities/gold-at-a-huge-premium-as-imports-dry-up-survival-of-small-jewellers-at-stake/articleshow/20884448.cms

[Serpo]

http://www.silverseek.com/article/dow-and-gold-silver-ratio-signals-coming-silver-rally-12256

[gunDriller]

India's Silver consumption is like China's Gold Consumption. Together, they are pushing Silver & Gold consumption for investment to about 3 times annual production.

And that's with Western investors bailing out of Paper Silver & Gold.


When moody bitchy GREEDY momentum-chasing Western investors decide Silver & Gold are "in" again - the price action will be neck-snapping & whip-cracking.