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Thread: China Boosts Silver And Gold Production

  1. #1

    China Boosts Silver And Gold Production

    China is now the number one gold importer and producer in the world and the number two silver producer. China exports nearly none of it gold and silver production and is using massive amounts of silver in solar panel production.

    https://smaulgld.com/china-boosts-si...-domestic-use/



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  3. #2
    Which means that China gold (aside from their imports) never actually reaches the global metals market since they consume it themselves. (most of their government reserves also come from domestic production).

  4. #3
    They're either hedging their dollar reserves or getting ready for a gold-backed yuan.

    Probably the former.

  5. #4
    It would be OK with me if they start using even more silver .



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