Then there's private-sector demand in China. The government is equally opaque on this score. But we do get regular figures on Chinese imports via Hong Kong. Last year, they totaled a staggering 834.5 tonnes. And remember, that's in a market that produces only 3,700 tonnes a year!
OK..So China is accumulating significant proportions of the worlds available physical PM (obviously with a preference for Gold (as yet have no info on Silver)
No doubt these are all legitimate transactions( no issue there.)
But seriously,what method is being used for payment of this?
Is it fiat currency ( here Western society, you can have this large bundle of paper notes now please give us the solid metal)
Or, Is it with binary code (even better, here you can have all these numbers on a computer screen,once you have the numbers displaying what you wish,We will take the precious metal now thanks)
Perhaps payment is being made with Bitcoins.
However this is being transacted I know one thing is for sure.. At the end of the day the Chinese will be holding most of the(Real) golden eggs..
OK..So China is accumulating significant proportions of the worlds available physical PM (obviously with a preference for Gold (as yet have no info on Silver)
No doubt these are all legitimate transactions( no issue there.)
But seriously,what method is being used for payment of this?
Is it fiat currency ( here Western society, you can have this large bundle of paper notes now please give us the solid metal)
Or, Is it with binary code (even better, here you can have all these numbers on a computer screen,once you have the numbers displaying what you wish,We will take the precious metal now thanks)
Perhaps payment is being made with Bitcoins.
However this is being transacted I know one thing is for sure.. At the end of the day the Chinese will be holding most of the(Real) golden eggs..
