Is India preparing for something big, like an influx of manufacturing requiring silver? Indians love silver as much as they love gold. Indians, unlike most other societies have a deep appreciation for precious metals since the people have dealt with corrupt governments for hundreds of years.
All one has to do is go all the way back to summer 2016 when the government woke up one morning and decided to outlaw the nations largest circulated currency note. This one move effected 80+% of the currency in circulation. When something like happens if you have precious metals you are able to function – especially, when you are surrounded by people that all hold precious metals for the exact same reason.
Louis Cammarosano, smaulgld, brings up to speed on the latest Indian silver imports which, according to his research, is coming in at a whopping 2.5 year high.
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