China is paying a huge premium over what is being quoted in the West in order to get physical silver.
China Paying Big Premium
May 30 (King World News) – James Turk: “When the currency collapses, people want to own things, they don’t want to own promises. I’ve been talking about $80 silver, and every time we go under $80 it’s a test of support. And here we are again this week testing support under $80. Will that support hold? Yes, I expect it will. And we know China is buying silver $10–$12 higher than what is being quoted on the Comex market. So…to continue listening to James Turk discuss China paying massive premiums for physical silver as well as what surprises are happening in the gold and mining share markets CLICK HERE OR ON THE IMAGE BELOW.
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To listen to Alasdair Macleod discuss the collapsing Open Interest and gold and silver being drained out of COMEX vaults CLICK HERE OR ON THE IMAGE BELOW.
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