Gold Investor

Silver imports in India are hitting new highs as 338 tonnes of the precious metal was brought into the country during the month of October. Data from Thomson Reuters GFMS shows that this represents a 40% increase from the month prior. The reason is pretty clear as gold investors and jewelry buyers have not been able to purchase gold, during the Diwali and wedding seasons, which is just hitting its third month. This is due to the Indian government's restrictions on gold and the resulting scarcity (and higher prices) of the precious metal.

The Royal Canadian mint is releasing a special 25th anniversary 1oz Silver Maple Leaf bullion coin made with 99.99% pure silver. Silver Maple Leafs (SMLs) have a good reputation as silver bullion with the RCM's guarantee for weight and fineness and should prove to have a slight higher desirability if for nothing but sentimental reasons.

2013 is already turning out to be a very significant year for silver coin demand. It has already matched the previous 2011 levels and bypass that year's record 40 million ounces that were purchased by investors. This has proven to be great news for the US Mint and other well known producers, like the Royal Canadian Mint since the one ounce Silver Eagle and Silver Maple Leaf are considered the most popular and preferred silver bullion coins. Both these coins tend to be more liquid and recognized world wide for their silver fineness/purity versus silver bullion bars.