4um: Indian Silver Imports Set Record In 2022

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Title: Indian Silver Imports Set Record In 2022
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... silver-imports-set-record-2022
Published: Jan 24, 2023
Author: Tyler Durden
Post Date: 2023-01-24 18:52:09 by Horse
Keywords: None
Views: 52
Comments: 7

The Indian government’s crackdown on the gold market has boosted silver investment...
Poster Comment:
India was playing fast and loose in ruble-gold payments for Russian oil. Over 30 tons of gold went into private hands. But this silver gain is good news because the cartel does not have as much money as Asian housewives.
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#1. To: Horse (#0)
Getting your hands on physical metal in my area is costing me 10 bucks over spot which is asinine. It’s not 10 bucks over spot for the order, it’s 10 bucks over spot for every ounce. So those $34.00 Silver Eagles are $44.00. Which is asinine as hell.

TommyTheMadArtist posted on 2023-01-25 11:33:07 ET Reply Untrace Trace Private Reply
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#2. To: TommyTheMadArtist, 4um (#1)
Getting your hands on physical metal in my area is costing me 10 bucks over spot which is asinine.

Last I looked, I think Au is running $100/oz over spot. Last time I turned in some coins to help a couple buddies out, Solly paid me over spot. He probably made one call and had a $700 profit before I got a cigarette lit in my truck.
I wouldn't be buying in this market.

Esso posted on 2023-01-25 11:46:43 ET Reply Untrace Trace Private Reply
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