“Indians are moving to protect their wealth as the Indian currency continues its plunge, and they are doing this by purchasing physical gold and silver.
There was an interesting study that was done by Macquarie Bank and it was just released a couple of days ago. This study simply confirmed what you and I have been talking about for a couple of months now -- that gold and silver wealth is exiting the West and going to the East.
Macquarie Bank was tracking gold coming out of the U.K. because that’s where many of the exchange-traded funds have their gold stored. The study showed that there are massive amounts of gold coming out of the U.K. and going to Switzerland. The reason this gold has been going to Switzerland is so that the Swiss gold refiners could melt it into smaller bars for the Chinese, but particularly for the Indian market.
Read more: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...
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