Silver hits $131 in china

we're only at $114 but I think we going up again lol

 

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Geez that's insane. My LCS is not buying anymore until things settle down. He has to hold over the counter purchases for ten days and it's fine as long as prices keep going up, but if there is a pull back/crash he could be stuck with significant losses.

 

My local coin shop is paying $54 of face. They used to be a lot closer to melt. They are also leery.

 

Is there some sort of massive panic over impending events over there?

 

The Chinese don't play fair.......

 

driven by the government there buying as much as they can get ahold of...

Betting on global recession is my guess.

 

I wonder if someone in China saw a Youtube video about the Hunt brothers and said "Hey I can do that"

 

China stopped selling silver. But continues to buy.

 

Yeah, They slowed down having children I hear. Pets are less expensive to raise.
(True story). Now, they have more money for things like SILVER!

 

That's 'cause dog meat is a dietary essential......

 

Then where do they eat Horse meat.

 

Pretty soon a 10oz bar is gonna come in an iPhone box for safe keeping ....

a joke on the price of current iPhones