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<p>[QUOTE=&quot;desertgem, post: 1087959, member: 15199&quot;]Here is an interesting articles about China, and it reflects more current relationships within China. The private ownership has been around long enough to cause a ripple, but it doesn&#039;t have seen to. Looking up articles on it all repeat the same thing about how it will drive up precious metals, and about 90% of the sites are PM sites pushing buying PM. China&#039;s inflation seems to be growing faster than the US, and the average citizen there, more than likely, has to spend any extra money on food and necessities rather than PM. The average urban salary is &quot;guessimated&quot; by various sources at about $10,000 USD and there is a 8% government deduction, and precious metals are the same basic cost everywhere, so how many US, or other countries, do people who make $10,000 buy precious metals? </p><p><br /></p><p>It is Ok to believe that PM will continue to increase in value over the next years, that it what makes a market, but to think it is the Chinese , Indians, etc. that will do it, is to me a difficult thing to base an investment.</p><p><br /></p><p><a href="http://bullion.nwtmint.com/articles_bullion_report.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://bullion.nwtmint.com/articles_bullion_report.php" rel="nofollow">http://bullion.nwtmint.com/articles_bullion_report.php</a></p><p><br /></p><p>I still see Silver dropping to $20-24 range before solid recovery is possible. Based on &quot;technical charting and fibonacci retracement levels, which everyone ( including me) say can&#039;t really predict future levels, but so many &quot;believe&quot; in it, that it is often seen to cause them.[/QUOTE]</p><p><br /></p>

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