Re: Top Story: China reduces 2012 silver exports by 5%, could boost price

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Garick

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Re: Top Story: China reduces 2012 silver exports by 5%, could boost price

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Top Story: China reduces 2012 silver exports by 5%, could boost price

xman

posted on Nov 16, 2011 11:51AM

Doesn't surprise me since China isn't exporting any of their rare earth elements.

In March, China creates their own Gold commodity exchange.

How will it effect the price of gold?

I look at oil and price of oil. Over $100 a barrel because China and India are major players in the oil industry. Both countries have a combined total of 3 billion people.

Supply and demand....GOLD has no choice but to climb higher along with silver. I seriously doubt if we ever see gold below $1000 an ounce if the bubble bursts.