China Goes For Physical Silver

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vhf

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China Goes For Physical Silver

posted on Aug 10, 2009 06:44PM

For silver investors, it does not get much more better than this as China has just begun promoting physical silver purchases to its 1.3 billion citizens. The short video news clip is linked below. At least now the NYCOMEX will have an excuse as to where all of their physical silver ended up.

Very good news - VHF

China's Silver Bulls Are On The Loose

Toni Straka

Monday, August 10, 2009

Official Chinese TV announced last week that silver bullion is now available for the investing public. China, once on a silver standard where nobody knows today what happened to the hoard, now offers 500 gram, 1-, 2- and 5 kilo bars. The newslady alluded that silver is comparatively cheap to gold, citing the current gold-silver ratio of 1:70.