India's Silver Squeeze: 647-times spike in the import of silver from the United Arab Emirates
Read to the very End. We reveal Why India will wipe out Silver inventories at Break Neck Speed.
India's Silver Surge: Government to Address UAE Import Spike
The government is focusing on the 647-times spike in the import of silver from the United Arab Emirates (UAE) since the beginning of this calendar year, according to sources. New Delhi will soon take up the matter with Abu Dhabi.
The Indian government is set to engage in discussions with the United Arab Emirates (UAE) regarding a dramatic increase in silver imports. Since the beginning of this year, silver imports from the UAE have skyrocketed by an astounding 647 times, raising significant concerns among Indian officials.
This unprecedented surge is largely attributed to the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, which came into effect in May 2022.
The agreement offers certain trade concessions that have evidently influenced the silver trade dynamics.
Government data reveals that overall silver imports into India have experienced a tenfold increase during the first four months of this year (January-April), reaching a substantial $3.16 billion. Notably, the UAE has emerged as India's primary source of silver imports during this period.
This development warrants close attention from investors and market analysts, as it could have far-reaching implications for India's precious metals market, trade balance, and economic relations with the UAE.
The outcome of the upcoming discussions between New Delhi and Abu Dhabi may potentially lead to policy adjustments or trade recalibrations, which could impact the silver market and related industries.
As this situation unfolds, stakeholders in the financial and commodities sectors should monitor for any policy changes or trade agreements that may arise from these talks, as they could influence investment strategies and market dynamics in the precious metals space.
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India is also in the top 3 for manufacturing Silver Zinc batteries for torpedoes (the large ones use close to 11,000 ounces of Silver EACH)
The Silver can not be substituted for another metal like lithium because submerged weapons need to be corrosion resistant and water proof.
They also need to hold the charge over years.
311 Kilograms = 10,970 ounces of Silver
this battery is over 15 feet in length
We were first to identify that India uses a variety of Arab countries to “smuggle” silver as tax dodging strategies. (source below)
We were first to report how India’s Rajesh Exports is also as Silver Zinc battery manufacturer
(but if you looked at your website you would just think they were in the jewelry business)
source below:
click on these links below and this should convince all that military use of Silver is #1 use of silver in the world (by far)
Remember, this is just torpedoes we have not even begun to report on silver in space, (space stations, space craft, satellites, et al)
page 36 to page 44 some great info and photos https://www.highenergy.co.in/wp-content/uploads/2022/05/HEB_59th-AGM_Trascript.pdf
This document below pages: 413, 407, 362, 314, 116 https://www.drdo.gov.in/sites/default/files/inline-files/Batteries_Compendium_0.pdf
Ministry of Defense India https://www.drdo.gov.in/250-kw-silver-oxide-zinc-battery
Now return to the headline and you will understand why India could wipe out the Shanghai vaults in under a month
https://www.business-standard.com/economy/news/india-to-discuss-silver-import-spike-with-uae-amid-growing-concerns-124062800834_1.html