India Gold Demand Surges


As predicted here and here, India shows signs of doubling its gold imports.



I said India would at least add 30 tons a month and we got exactly 30 tons added in March. I think India is set to overtake China demand again.






In Gold We Trust Koos Jansen



Comments

Post a Comment

Popular posts from this blog

Potemkin Rally

Image
The Potemkin Villages were Russian constructions, created to deceive others into thinking something is better than it really is. The Potemkin Rally describes how the Federal Reserve is manipulating the market in order to create a deception of a rising stock market. It looks like the economy is improving, but it's actually just a mirage. As long as the following chart (stocks divided by Fed Balance Sheet) stays flat, the stock market rally is really engineered by the Federal Reserve. If the Federal Reserve takes the punch bowl away, everything collapses. I read about a very unusual correlation at  Zerohedge . Apparently, there is a similarity between the  employment to population ratio  (red graph) and the  Potemkin Rally  (blue graph). (The Potemkin Rally graph measures the ratio between the stock market and the Fed's Balance Sheet.) There are implications if this correlation is true. It means that when the U.S. government prints money (otherwise known as QE), t...
Read more

The Effect of India's Solar Plant Project on Silver Price

Image
We had some big news from India last week. India is about to build the largest solar plant in the world. Now what effect will this have on silver, because silver is the largest component of a solar panel. Let's talk about the numbers first. The project is said to produce energy at a rate of 4 gigawatt. The project is done in 7 years. After the first year of construction it will produce 1 gigawatt. Now, how much silver goes in a typical solar panel? Normally 2/3 ounce per solar panel or 20 grams of silver. A normal solar panel produces 80 watts at 15% efficiency if there is direct sun. So we have 2/3 ounces of silver per 80 watts of energy or 0.008333333 ounces/W. Let's convert that to gigawatt. Giga is 9 zeroes. If we use these numbers, then we would need 8333333 ounces of silver per gigawatt (if there is direct sun). Then over the course of the entire project we would need 4 gigawatt or 33 million ounces of silver in 7 years (if there is direct sun). Now we only have 6 hours ...
Read more