Metals
Why is China Buying Physical Silver in Record Size Now?
By The Phaser |
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from SD Bullion:
Why is China Buying Physical Silver in Record Size Now?
China apparently foresaw the ongoing trouble in the Middle East well ahead of time and built up its strategic crude oil inventories to levels currently larger than those of the USA, Japan, and the broader European Union combined. Leading to the most important precious metals-related news of this week. Why is China now buying and importing silver in quantities never before seen? The silver and gold markets popped, then receded, ending the week’s trading. The spot silver price ended the week at $75.70 oz bid. The spot gold price closed the week at $4710 oz bid. The spot gold-silver ratio continues to coil, closing this week at 62.
