The Phaserl


“Stay Away” from Gold Says Morgan Stanley as India Doubles Silver Imports, China Keeps Buying

by Adrian Ash, Gold Seek:

Legal inflows of gold to India – the world’s former #1 consumer nation – have been so dented by the government’s anti-import rules that the country’s trade deficit shrank to a 30-month low in September, officials said yesterday.

“This is working out as the government intended,” the Financial Express quotes commerce secretary S.R.Rao after India’s monthly trade deficit came in below $6.8 billion for the first time since April 2011.

Many Indian households have turned to silver says the Economic Times, with silver imports already doubling 2012’s full-year total over the Jan-Aug. period at 4,073 tonnes according to Thomson Reuters GFMS.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>