• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

Record Premiums With Falling Comex Supplies Means The Silverbacks Are Winning

Goldbrix

Mother Lode Found
Eagle
Mother Lode
Joined
Apr 4, 2010
Messages
21,899
Reaction score
35,255
 

Goldbrix

Mother Lode Found
Eagle
Mother Lode
Joined
Apr 4, 2010
Messages
21,899
Reaction score
35,255
Hx shows China was into silver more so than gold. It was the West's influence that got China into gold. But the Chinese never forgot their silver heritage.Gb

China Warehouse Stock: Shanghai Future Exchange: Silver "...The data reached an all-time high of 3,091.112 Ton in 12 Jan 2021 and a record low of 0.000 Ton in 18 Jul 2012. China Warehouse Stock":​


1663520752266.png

The typeover : Silver data was reported at 1,326.013 Ton(nes) in 16 Sep 2022.
The Chinese Gov. remains silent on Gold and Silver actual reserves.
 

gnome

Midas Member
Midas Member
Site Supporter ++
Joined
Apr 10, 2010
Messages
6,170
Reaction score
5,720
Hx shows China was into silver more so than gold. It was the West's influence that got China into gold. But the Chinese never forgot their silver heritage.Gb

China Warehouse Stock: Shanghai Future Exchange: Silver "...The data reached an all-time high of 3,091.112 Ton in 12 Jan 2021 and a record low of 0.000 Ton in 18 Jul 2012. China Warehouse Stock":​


View attachment 273534
The typeover : Silver data was reported at 1,326.013 Ton(nes) in 16 Sep 2022.
The Chinese Gov. remains silent on Gold and Silver actual reserves.
Any idea if that is investment demand or industrial demand?

In my experience with the chinese, culturally it is all about gold, gold, gold.

But it's true there is quite a history there, especially of England and HSBC draining China of silver leading to the opium wars.