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From Jim Willie (Hat Trick Letter) One way to begin doing it.

 

The Silver price correction has raised demand for silver in India. Some companies hand out silver coins as part of employee bonus packages, while jewelry stores promote silver as an affordable alternative to gold. According to an official of Sonawala Traders, a bullion house, silver has become a red-hot commodity. He said, "This year, traders and jewelry houses have bought a large number of coins in 100-lots, since many corporate executives have decided to present a silver coin to their employees along with their annual increment and bonuses. It is a new trend with most companies who are doling out their annual payments this month. Since the price fall of both precious metals has been huge over the last week and since gold coins are still quite unaffordable as a give-away present, bosses are giving smaller denomination silver coins along with the annual salary perks.'' Funds have been diverted to buying silver bars instead of gold biscuits, during the start of the Akshaya Tritiya festival, usually focused on gold. In India, a transition has taken place to emphasize silver over gold. Silver purchases have far outpaced those of gold in recent months, a reaction to a higher gold price but still a low silver price.


Creation date: May 27, 2011 11:44am     Last modified date: May 27, 2011 12:11pm   Last visit date: May 16, 2024 4:07pm