Indian Silver imports through the first ten months of 2016 are approximately 94.394 million ounces, or about ten million ounces more than the amount of silver used by the U.S. Mint to produce a record 47 million American Silver Eagle coins in 2015 and the silver used to produced all of the American Silver Eagles minted through December 2016 (37,701,500)
To put India’s silver imports in context, the 8,506 tons of silver imported into India in 2015 or 273 million ounces is about a third of the approximately 870 million ounces of silver mined in the world in 2015. While India imports silver from various nations, the 273 million ounces imported in 2015 is the equivalent of the entire production of Mexico, the world’s leading silver mining country, AND the entire output of the fourth largest silver mining country, Australia.
China is the third largest silver mining country in the world and retains nearly all of their mining production. Therefore, the total global silver mining supply available to India and the rest of the word is not the 870 million ounces global mining supply estimate of the Silver Institute, but something closer to 750 million ounces.
A Deadly Game
New market events that will weigh HEAVILY on precious metal riggers into 2017:
-The recent Deutsche Bank settlement, and why it’s crucial for the authorities.
-Why the confession by the banks, and the daily evidence of emails at the silver fix, is the “Wikileaks dump” of precious metals we’ve been waiting for.
-India’s decision to demonetize larger rupee notes, and why it affected their gold market.
-The decision of Indian officials to confiscate gold acquired in certain circumstances, and why this is incredibly good news for silver.
-Janet Yellen’s recent decision to raise interest rates, and what effect this will have on silver and gold prices.
-Why the market riggers are in such a dangerous place, if they continue aggressively prosecuting lower silver prices.
–Why India’s recent silver imports were the highest in 6 months, and where we go from here in 2017.
-Where silver has become a real value play in India, relative to gold.
-Why Yellen’s actions just proved Donald Trump correct about the Federal Reserve.
- Buy Silver – May Replace Gold Money In India
- Demystifying Precious Metals Propaganda: Silver Hoarding By J.P. Morgan
- More Nails In U.S. Dollar’s Coffin: Russian Ruble Exchanges With Turkey & India.
- Deutsche Bank Provides “Smoking Gun” Proof Of Massive Rigging And Fraud In The Silver Market
- Australian Financial Review Warns About Paper Gold: China Moves To Physical Only ~ Derivatives Not Allowed.
- India’s Supreme Court Outlaws Sharia Law: Qatar Outlaws Sharia Law ~ Obama Attempts Sharia Law In U.S. & Iraq With NWO ISIS
- Europe’s Biggest Bank London’s HSBC Is On “RED ALERT”: U.S. Possibility Of A Severe Fall In The Stock Market Is Now Very High
- FRANKFURT, Dec 23- Deutsche Bank $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities.
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