Record silver sales in India

Record silver sales in India

With the Indian government implementing strict import laws to stop its people buying up too much gold at these low prices (and hence not investing in Rupee or their shares), there is evidence now out they have been turning to silver in a very big way. From a total of 1900t in 2012 they have imported over 2,400 to May in 2013 already which incredibly is already 10% of the total 2012 production.  At the same time premiums on physical gold in India have skyrocketed as demand remains.