[delta7]

The West’s Comex and LBMA is being drained, it is called Arbitrage. Big money buys Western silver contracts cheap, then sell to China for profit- They are draining our reserves and making money.

Good to see the Western price fixing coming to and end. Got Silver?

[Jonty30]

So it is the same with deficit spending.

[PGR88]

Most middle-class Chinese also kept their wealth in the form of urban housing/apartments

Xi Jinping has realized the property bubble could not go on forever, it was causing problems for non home-owners, hurting family formation, and contributing to local government corruption. As a matter of policy, the Chinese Govt has been steadily deflating property.

Thus Chinese citizens themselves have been looking for other investment products - and gold/silver are an obvious choice

[House Atreides]

Wow…. Poland has 65K metric tons of silver reserves? Who knew!

And, possibly of more interest, what do the Poles know that we don’t know?

[McGruff]

I should have listened to those Buy Gold and Silver commercials.

[Tilted Irish Kilt]

Prepper Ping - China is hoarding precious metals (PM), especially gold and silver, and it may directly affect Western economies
Are they trying to control the silver market (?), and manipulate and force a price increase on Western markets ?
If so, it may result in increased expense of metals, in general, for Western economies and result in Industrial slowdown, or worse, stagnation.

(From the article) :" ..In addition to its gold hoarding, China has also been strategically increasing its silver reserves.
The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges.
This suggests that China may be deliberately driving up the price of silver to drain the West's resources."

"In 2023, China reportedly had a silver reserve of 71,000 metric tons, second only two the silver-producing powerhouse country of Peru, which boasted 98,000 MT in reserve.
The U.S. came seventh on the list of top silver reserves, with a stockpile with 23,000 MT, behind Poland (65,000 MT),
Russia (45,000 MT), Australia (27,000 MT) and Chile (26,000 MT).

"Silver price in China as of today: 32.77 USD/Oz "

"The Implications for the West The rising price of silver could have significant implications for Western economies, particularly those that rely heavily on industrial metals.
If the price of silver continues to rise, it could increase production costs for a wide range of industries, from electronics to solar panels.
This could lead to higher consumer prices and a further slowdown of economic growth
as China out produces the West in electronics and solar panels."

"The Growing Demand for Silver"

"China is leading the way in solar production, to the point a recent Bloomberg article claimed they are producing more panels than can be put to use.
Bloomberg reported in May that China’s silver imports reached a three-year high of 390 tons in December and 340 tons in April.
The monthly five-year average is 310 tons. "

" The West’s Comex and LBMA is being drained, it is called Arbitrage.
Big money buys Western silver contracts cheap, then sell to China for profit-
They are draining our reserves and making money."