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<p>[QUOTE="Gam3rBlake, post: 5210599, member: 115909"]I think a lot of people think the premium for pandas makes up any sort of shortage in silver.</p><p><br /></p><p>But that’s missing the point. The point is that the Chinese Mint and by extension the Chinese government is guaranteeing something that is false which is that the Pandas are 1oz/30g depending on date.</p><p><br /></p><p>If someone took 1000x Chinese silver Pandas and melted them all down and then poured it all into a single silver bar that was identified as a 1000oz bar..that bar wouldn’t even meet the LBMA (London Bullion Market Association) Good Delivery Bar standards because it would be about a quarter kilogram underweight.</p><p><br /></p><p>I don’t have an XRF machine but I would not be surprised if the .999 fine Chinese Pandas were 98% or something. Anything they can do to make money at the expense of quality and integrity.</p><p><br /></p><p>No other country has done that from what I’ve tested. Not even Somalia which is known to be one of the most corrupt countries on Earth. I mean it’s way up there a few spots behind North Korea.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 5210599, member: 115909"]I think a lot of people think the premium for pandas makes up any sort of shortage in silver. But that’s missing the point. The point is that the Chinese Mint and by extension the Chinese government is guaranteeing something that is false which is that the Pandas are 1oz/30g depending on date. If someone took 1000x Chinese silver Pandas and melted them all down and then poured it all into a single silver bar that was identified as a 1000oz bar..that bar wouldn’t even meet the LBMA (London Bullion Market Association) Good Delivery Bar standards because it would be about a quarter kilogram underweight. I don’t have an XRF machine but I would not be surprised if the .999 fine Chinese Pandas were 98% or something. Anything they can do to make money at the expense of quality and integrity. No other country has done that from what I’ve tested. Not even Somalia which is known to be one of the most corrupt countries on Earth. I mean it’s way up there a few spots behind North Korea.[/QUOTE]
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