Holmes – India Spares Silver from New Tax
Another excellent week-end update from our friend Frank Holmes at U.S. Global Investors in San Antonio. Just below is one paragraph plucked from that report of special interest to us, but there is much more “red meat” in the full update at the link below.
Frank writes: “Although India may have increased taxes for gold, the move could present an opportunity for silver, the poor man’s gold, to shine. After escaping India’s budget reforms, investors have shown a keen interest in buying one kilo silver bars.