Topcat is not the originator of this thread nor the Title

I bought my 5 ounce ATB Hawaii Volcanoes silver coin today, so have also done my part. :smile TC



Topcat did not originate this thread, he just had the misfortune of me deleting the original post, and he moving into the
Top position. Jim

 

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India is well known for buying tons of gold to marry off their young ladies. Every year someone gets all tied up on how the Indian buying frenzy will apply to the future price of gold, I've never once seen it make any sense. Trying to figure out something like that is a a huge waste of time, and now silver has been added to the mix. This should be interesting...

 

[h=2]1 troy ounce = 31.1034768 grams[/h]

 

Oeiginal poster and post removed.

 

So, first, a ton of this gold bought for weddings is for show. Much is borrowed, and a lot not borrowed is sold back immediately after the ceremony. Much has been made of this practice, but no one knows the long term demand from the practice. I know my wife and I kept the 5 ounces we bought for our ceremony, but most friends we know sold theirs back to the gold stores that same weekend.

Second, hard to follow your OP. Where did you get, besides making them up, and kind of numbers like 200 million indians will buy on average 3 ounces of silver each? What is your source of "heavy buying" of silver? Last I saw ASE were still down this year.

I would just like some firm numbers in order to take the post seriously.

 

Sorry, I would not have responded if I had known you were going to do this. Funny, now I am listed as the OP. TC

 

Lol, me either. I have to say, though, that NOW I find the OP's thought much more intelligible.

 

TC, I did try to get you out of that position, but the software doesn't allow me to do so easily and I thought the following posts had some interesting comments.

 

LOL. No worries. Now, I even get my name in the title of a thread too. :hail: TC

 

Hey I wouldn't have read it if TC wasn't the originator so its working.. GO TC!!!!