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Silver hits $131 in china
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<p>[QUOTE="gxseries, post: 26667372, member: 4373"]It's classic Chinese / communist way to corner the market.</p><p><br /></p><p>Step 1: Buy everything in the market at no expense.</p><p>Step 2: Crush small players by selling products cheap. Buy mines at rock bottom price</p><p>Step 3: Take control over global production and dictate prices.</p><p>Step 4: Step out of line with CCP and you get instant retribution</p><p>Step 5: Kowtow to China</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>World has gone mad...[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 26667372, member: 4373"]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...[/QUOTE]
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