India Reacts to Depressed Silver Prices
If West learned this ???? Only people on this earth knows where to hoard real money and shed the paper money.
Give economic head spin to governing authorities is citizen to buy Gold/silver.
Chase out the corrupt bankers out of town.
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“In the most recent full year of import data, 2018, India imported 24.4 million ounces of gold, the second lowest amount in 9 years, while silver imports were 224 million ounces, the second highest total in 15 years. The amount of silver ounces imported to India last year was more than 9 times the amount of gold imported, the highest level ever. The average silver/gold price ratio for 2018 was 82 to 1, the cheapest silver had been to gold in 15 years, so it’s not surprising that Indian buyers reacted as they did. Of course, while full year data is not available for 2019, the silver/gold price ratio has averaged 86 to 1 year to date, with very recent readings of 90 to 1.”
http://silverseek.com/commentary/india-reacts-depressed-silver-prices-17669
This nutcase also goes on to say “So here we have compelling new proof that silver prices have been manipulated – not that more proof was needed.” Since when is buying low compelling proof of manipulation? Teddy has been screaming manipulation for so long, how can anyone take this guy seriously? When prices are low, they are being manipulated downward. When prices are high, they are being un-manipulated higher, since that is the only direction prices go when no manipulation is occurring presumably. Why not just buy low and sell high?