Chinese and Value of Gold and Silver
Yes, with as much gold and silver as they are buying, I do not think they are going to allow the global value of it to decrease to the point of them losing value.
Just an added note that Japan and China now deal between each other with their own currencies; they have stopped trading with the US dollar as the base. Also, other countries have started doing similar things with some big players calling for a different international standard by which to trade instead of the US dollar.
I think I may wait to silver hits a certain target range and have my sterling traded out for ounce bars. Midwest Refineries now pays 90% of the total silver value after melt if the order is over 10 ozt. They will pay in hallmarked silver bars, or coins when available, for an additional $3 fee per ounce and the price of guaranteed shipping (whatever that may be).
I do not know of any local refineries which can do that in the Western North Carolina area. Maybe there is one in Charlotte I can deal with.
Analyze the Anticipation!!!
