[Ed. Note: Hmm. Ignoring Europe, the middle east and Japan altogether, there’s more than a billion Chinese folks, and around 320 million Americans. Given that there’s only about 700 million ounces of physical silver mined every year, you can see the potential problem.]
from Silver Doctors:
With the recent claims from an Apple contractor that a Chinese silver shortage is the culprit for the production delay in the new I-Macs, an SD reader who has recently moved to China has given SilverDoctors a MUST READ first-hand account of the retail gold and silver mania underway in mainland China.
With the Chinese New Year less than a month away, Ichban describes Chinese demand for gold and silver in Beijing as a tidal wave, and states that the demand for gold and silver is more intense than Thanksgiving/ Black Friday mobs in the US, despite the nearly 60% premiums retail dealers are asking for silver bullion!!
Ichban gives readers a glimpse of what to expect when the mania stage of the gold and silver bull markets finally reaches the US, as he describes the scene at Chinese retail bullion stores:
Despite these high premiums, I have never seen such frenzied buying in my life! I am a young adult male and 40 year old Chinese women are shoving me out of the way because they are trying to buy some gold and silver!
Please follow SGT Report on Twitter & help share the message.