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<p>[QUOTE=&quot;Juan Blanco, post: 1560619, member: 41665&quot;]So I looked at the bank &quot;discount&quot; offer. The <i>pre-discount price </i>was Rs 112, 802. for the equivalent weight of 1 Troy Ounce. The currency calculator says that &#039;normal rate&#039; Troy Ounce costs <b>USD$2,099. </b></p><p><b></b>Kitco shows POG Spot was ~<b>USD$ 1,708. </b>same period.</p><p><br /></p><p><i>After &quot;discount,&quot; </i>the Indian bank&#039;s teaser offer is equivalent to <b>USD$ 1,931.10 per Troy Ounce. </b></p><p><b></b>I have no idea if<b> that real Au premium (AFTER discount) of 13.06%</b> is a good or even fair deal for buyers in India. But I&#039;m sanguine about any business that screams &quot;Discount! Discount! Discount!&quot; </p><p><br /></p><p>Does anyone presume Indian Gold-Bugs are less informed or generally paying so much higher premiums?[/QUOTE]</p><p><br /></p>

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