/biz/ - Business & Finance

The breakaway become more apparent each day.
SHME (China's Comex) closed silver 11% above western spot valuation this friday, at almost $28/oz. And +1.1% for gold (which is also a pretty big deal).

The writings were on the wall for years. How many times did we talk about how smart a strategy it would be for China to price the spot slightly higher and wait for the opportunists to show up and profit from the arbitrage to vaccum all what's left of globohomo physical reserves and transfert it to China?
Now that's a reality.

China is getting the best bang imaginable for their USD, and they very well know it.
Only question in suspend is how long our banksters will allow it (unless of course they too are participating in this deal, as we know the transfert from NYC to HK already began).
You'll have to imagine triple parenthesis in my last sentences, because now the insider jannoid get me banned each time i use those.