donderdag 21 november 2013

Silver Smashdown Creates Record Silver Premiums in Shanghai

Yesterday's attack in the precious metals sparked a record premium at the SGE. We got a new record of 6.73%. 

Not so much in gold... But even so, I'm sure that the $1200/ounce gold will be a level where central banks are very happy to take it from precious metal sellers. 

It's amazing how the silver and gold premium charts differ from each other, it means that silver is in much higher demand than gold.

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