Why Silver's MovingDa Chinese are buying.
Just da way I see dat!
HardRock
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https://goombarhsedge.blogspot.com/
Searching further, the author finds that a new Silver trading service has just launched in China, on September 7th, 2010:
"As related, ICBC silver trading for personal account is similar to that of trading gold. Two types of silver trading categories: account silver (ounce) against USD and account silver (gram) against RMB. Once individual customers open precious metal trading account in ICBC, they can trade precious metals during business hours through the counter at the designated outlets, or through electronic banking right at home to trade 24 hours a day non-stop from 7:00 am every Monday to 4:00 am Saturday (except National and public holidays), and place order from the shortest validity of 24 hours to 120 hours longest. ICBC prices on account silver are quoted in real-time and go along with the international market price, highly transparent. No delivery of physical metals after the transaction, eliminating the steps of warehousing, transportation or authentication. The new trading service is very convenient for retail investors."
Who is the Industrial and Construction Bank of China (ICBC)?
The Wall Street Journal…
Well much surprise, the largest bank in the world has just opened up a convenient way for the investors in the largest country in the World to buy Silver.