Actually it is Nichol.
Boy has that gone up in price.
Posted on 11/05/2010 10:05:07 PM PDT by DeaconBenjamin
Indians buy gold for traditional cultural reasons, and they were considered to be price consious shoppers of gold. In the last two years, Indian consumers would buy on the dips, but would pull back when gold was making new highs. For them to be buying furiously when gold is at an all time high this season is a new signal that Indians feel the price will not be going down. The Rupee is suffering from high inflation as well, so this may be a source of their attitude towards the gold price.
It’s interesting to me that they’re running out of silver as well. The people who are hoarding gold don’t seem to be hoarding silver. Traditionally, the price of gold is about 16 times the price of silver. Recently, the price of gold has been 50, 80 or even 100 times the price of silver. Something has to give. Either gold has to get cheaper or silver has to get more expensive.
They are out of gold.
Silver is actually going up at a higher percentage rate and is available.
Still, ya cant eat it.
Actually it is Nichol.
Boy has that gone up in price.
Where can I get some?
Call your broker.
I think food and energy commodities are going to hit the roof very soon.
I saw the other day where incadinkadoo bulbs were banned in Germany, but a couple of smart fellows contracted with a chinese manufacturer and imported them as “heatballs” Personal space heaters. LoL
Unlike gold, silver has lots of industrial uses. It's a much less accurate barometer of inflation than gold is. Lousy economy = less industrial demand for silver = lower silver price in comparison to gold.
The world order currency will be based on the Gold Standard. This is why Obama is destroying the dollar. I had to decide to either sell my silver coin stash to get survival gear or keep it. I sold. Survival gear is cheap right now.
“Indians buy gold for traditional cultural reasons, and they were considered to be price consious shoppers of gold.”
I’ve read that they (and their neighbors) are among the least price-conscious; after getting paid, and buying whatever necessities they need, the remainder is put into gold to preserve its value (against a falling rupee). People in that region don’t have much confidence in their paper currencies; they feel that whatever the future prospects for gold are must be better than the future prospects for the rupee.
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
“I jokingly said “food and ammo”.”
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What do you mean? It sounds like serious, level headed advice, not joking.
I am wondering about Numismatics.
When did we stop using silver in coins?
I prolly have $600 face value in coins here.
I wonder, are there many of them that are worth more than face value due to silver content?
Yeah, I started hunkering down over a year ago.
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