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(Untitled) Nov 5th 2013, 21:52, by noreply@blogger.com (Cliff Küle) Indians (India) Buying Silver Like Crazy John Rubino points out how Indians are buying lots of silver now that gold imports have been restricted .. Rubino calculates they are buying 20% of the total global supply ..  "According to the Silver Institute, industrial users (including jewelry makers) absorb about 850 million ounces of silver each year, which leaves 150 million ounces for investors. But by importing 132 million more ounces this year than last, India is taking almost all of that surplus for itself, leaving the rest of the world's silver bugs to scramble for what little is left. Also interesting is the fact that silver is so cheap that a doubling of imports has a negligible impact on India's balance of trade and therefore probably won't attract the ire of regulators. So from a policy standpoint, restricting gold imports is working and will likely continue. That means the current level of silver demand might be sustained. Wonder where all the extra silver will come from?" LINK HERE to the article LINK HERE to the related Reuters article

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