Monday, January 22

Do you know that Indians are the maximum users of gold?

Believe it, it is true! Just take a look at the statistics below.

In the year 2006 India imported 590 tons of gold whereas the U.S. sought only 285 tons.

It seems Indians have taken Warren Buffett more seriously than others when he predicted the escalation in gold price and decrease in the value of U.S. dollars.

He in fact advised everyone to buy gold against stocks and bonds as that was the fashion among majority. Those who followed his advice and diversified their investment in gold and silver had the last laugh.

Even Govt of America is no exception to this. A press release by Monex says, “Since the end of WWII, the U.S. government - once the largest stockpiler of silver on the planet - has dumped billions and billions of ounces of silver bars onto the world market, effectively depressing silver prices. Today, that government silver hoard is gone . . . and now the U.S. government is a silver buyer”...

And surely Monex knows better being the precious metals dealer in U.S. since 3 decades.

Many analysts also feel that silver, and specifically us silver coins, presents an outstanding investment opportunity

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