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Jeff Nielson: Gold squeeze in India stokes silver demand
2:20p ET Friday, June 28, 2013
Dear Friend of GATA and Gold:
The Indian government's increasingly totalitarian campaign to prevent people from buying gold is driving people into silver, Jeff Nielson of Bullion Bulls Canada writes today.
Despite the government's pressure, Nielson writes, India is on track to import close to 2,000 tonnes of gold per year, even as annual worldwide gold mine production is less than 3,000 tonnes. That doesn't count the exploding demand for gold in China.
"The lying banksters and lying drones in the corporate media call this a 'bear market,'" Nielson writes. "If the U.S. government was forced to greatly restrict sales of U.S. Treasuries 'due to overwhelming demand,' obviously these same liars/hypocrites would not call that a 'bear market.'"
Nielson's commentary is headlined "Gold Squeeze in India Stokes Silver Demand" and it's posted at Bullion Bulls Canada here:
http://www.bullionbullscanada.com/silver-commentary/26271-gold-squeeze-i...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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