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.
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"
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!
Pretty soon a 10oz bar is gonna come in an iPhone box for safe keeping .... a joke on the price of current iPhones
It's classic Chinese / communist way to corner the market. Step 1: Buy everything in the market at no expense. Step 2: Crush small players by selling products cheap. Buy mines at rock bottom price Step 3: Take control over global production and dictate prices. Step 4: Step out of line with CCP and you get instant retribution Step 5: Kowtow to China This is how China cornered rare earth, coal, cobalt, etc. One should be alarmed how much China control. Do some research. The world got caught sleeping when investors only care about short term profits vs long term national security. I'm actually more surprised the current administration isn't make a fuss out of high precious metal prices. China and Russia produce large quantities of precious metals Why they haven't called foul on trade imbalance is beyond my imagination. The Swiss gold tariff is a prime example. Or maybe US is intentionally creating dramas to fix national debt...? They've got their own gold mines too. World has gone mad...
