China Slilver Demand

by John White
(Texas)

The Chinese are the largest silver and gold buyers and no doubt they want to keep the price low while they accumulate both metals. They've been careful in the amounts purchased and the manner (acquisition of mines) as to not raise prices too much.

If the status quo could be maintained China's gold reserves would dwarf any other country's reserves by the
end of this decade. I suspect their silver reserves are already multiple times that of any country due to several factors - the country's industrial uses in solar panel and electronics manufacturing as well as individuals purchasing.
As central banks continue ramping their printing of fiat currencies it will force more individuals to acquire silver as protection from the inevitable coming inflation. (The potential of individuals to purchase silver has exploded in the last 20 years and now presents the largest potential buying market). Eventually (and it shouldn't be too long) individual silver purchases AND commercial purchases will consume the total supply of available silver creating a bidding war. Ted Butler says this will like happen very quickly....sometime in the not too distant future.

It's not out of reason that with the world's dire need for energy verses individual's protection from inflation silver might someday briefly challenge gold's price.

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