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Silver sales set to outshine gold in India

- Charleston Voice -

The connect between an Indian and gold and or silver is basically traditional and customary and therefore more from compulsion than choice. Both metals are expensive to risk buying exclusively for investment given their volatility and uncertainity at any given time. And only a numbered few can afford taking this risk. The spurt in demand for silver for jewellery is from the affluent who can afford both and those who cannot afford gold. The demand for gold jewellery is also being subdued by availabilty of artificial gold look alike jewellery at a percentage of cost and this also under cuts demand for silver jewellery. Buying gold or silver for investment purposes is a dream with heavy cost and risk overlays that an average Indian can ill afford and, therefore, still avoids the large moves up and those forecasted not with standing.

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Début de l'article :Investors in India are bullish on silver, saying the white metal is in position for a potentially spectacular move over the next year and more. Author:Shivom Seth Posted:Tuesday , 11 Dec 2012MUMBAI (Mineweb) - Indian retailers are bullish on silver. With supplies tightening, deliveries are slowing down this week in the bullion market in Mumbai... Lire la suite

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