You need to do some more investigation on Silver before you have a guest on who's to speak about it and does not know that India just purchased in 2 months all the silver that it typically purchases in a year
Thanks for your feedback. The purchases by India at the start of the year were not central bank purchases (assuming that's the discussion you are referring to). The purchases were driven by a duty arbitrage from a trade agreement with the UAE that saw imports only paying a duty of 8% vs the regular 15%. To combat this, India has lowered the regular duty to 6%, imports under that agreement are no longer feasible and the expectation is that silver imports to India will largely dry up completely for the near future but that remains to be seen.
You need to do some more investigation on Silver before you have a guest on who's to speak about it and does not know that India just purchased in 2 months all the silver that it typically purchases in a year
Thanks for your feedback. The purchases by India at the start of the year were not central bank purchases (assuming that's the discussion you are referring to). The purchases were driven by a duty arbitrage from a trade agreement with the UAE that saw imports only paying a duty of 8% vs the regular 15%. To combat this, India has lowered the regular duty to 6%, imports under that agreement are no longer feasible and the expectation is that silver imports to India will largely dry up completely for the near future but that remains to be seen.