Tuesday, May 29, 2012

Gold and silver - China and India


Population: 135 crores    GDP: 5.93 trillion dollars

* CHINA is now believed to have exceeded Peru and Mexico to become the number one
    in production of silver.
*  CHINA is the largest producer of Gold.
*  CHINA imports more and more of gold and silver.
*  Shanghai Futures (SHFE) has started trading in silver futures.


Population: 126 crores   GDP: 1.73 trillion dollars

* INDIA does not produce any gold or silver worth mentioning.
* Gold imports might plunge by 50% since demand remains lack lustre because of high
    domestic prices.

The population of India will surpass China some years down the line. What about other

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