The Guangzhou Daily reported that a man went into a local bullion dealer in Guangzhou and bought 10 million RMB worth of physical silver. This amount converts to roughly $1.5 million USD. This Chinese investor and his assistants brought in eight suitcases full of cash to complete the transaction. I wanted to point out about physical silver is - market price - paper silver has a price determined by the banks, where as real silver has a price determined by the market. With physical silver you can refuse to sell for a particular price and try to find a different buyer whereas with bank silver there is a fixed price and all buyers are considered to be the same. They "make" the market.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD)
WEBSTER TARPLEY BLOG tracking Historian, Author and Investigative Journalist Webster Tarpley recent interviews and articles . Tarpley is the author of numerous books, including Barack H. Obama: The Unauthorized Biography and Obama - The Postmodern Coup.
No comments:
Post a Comment