From Kitco News this morning, India is now taxing gold imports at 4% if they are .995, and 10% if less pure. Silver imports are taxed at 0%. Which do you think will look more attractive to buyers in India?
That means an American Gold Eagle has a 10% import tax in India, but an American Silver Eagle is welcome with no charge. Interesting.
Like mentioned before, I only hold 10%(SLW) in the pm arena, and SLW has a cash cost of only 4 dollar's an ounce. Even if the tea party republican's want our economy to crash...SLW just has a few employee's and an A+ balance sheet.32-4 is pure profit's for SLW.