Asian Buyers Will Take Silver Over $100.

[Ponce]

Are you happy about silver reaching $50.00........when compared to the $50.00 of 1980 our silver now days is worth only about $27.00.
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London Source - Asian Buyers Will Take Silver Over $100.

KWN’s London source has updated King World News on the massive Asian buyers which have been accumulating gold and silver. The London source stated, “$3 to $4 dollar days in silver will become common, from now on $2 days will be considered slow. There will be a great deal of volatility going forward, but more often than not silver will close near the highs.”
April 25, 2011


“Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us. 38,000 silver contracts are in the money and the question is how many will ask for delivery?


As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so. You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.”


When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”


As Dan Norcini and I discussed this weekend on the KWN Weekly Metals Wrap, the Asians are steering the bus in the silver market as the paper shorts lost control some time ago.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/25_London_Source_-_Asian_Buyers_Will_Take_Silver_Over_$100.html

[gunDriller]

When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”

i had a feeling this was going to happen.

i remember when i was a kid, how we looked down on the Lire. if we wanted an example of a worthless currency, we used the Lire. the exchange rate at the time was about 600 to 1.

my guess is - that's how the Chinese looks at us.

if you had 60 lire, would you buy an ounce of silver ? HELL YEAH.

if you had 100 lire, would you buy an ounce of silver ? HELL YEAH.

if you had 200 lire, would you buy an ounce of silver ? HELL YEAH.

there will be sellers because Americans can use those $ to buy real things.

i honestly wouldn't be surprised to see the Chinese pay $1000 for an ounce of silver, just to get rid of their dollars.

there is a psychology of money that relates to nationalist emotions.


once people realize what is happening with silver - it's already past what gold used to be - $35 under Roosevelt, $40 something under Nixon - they will also hang on to their silver harder.

personally i think the Chinese might have less respect for the dollar than Americans had for Lire 30 years ago.

[cthulu]

bullchit, them yellow ass slant eyed bitches don't know chit about silver or gold. all they know is chit about rice and 5 dollar whores. white power!

[Spectrism]

I don't know where that last post came from. ???

The reason silver (and gold) has not corrected down... is that there is no correction when people keep buying. If you have a large supply of buyers and a questionable supply of silver, there is going to be fireworks.

I have been hearing fairly smart people talk about a correction... and they have been wrong so far. I see this as another example where all the rules are gone. You can't make judgments today based on 10 years ago. It is all different now.

The cheaters running paper are about to see the overwhelming power of reckoning hit them. They don't care because they will cheat on the other side too. It will be the old-timers and honest people who get scammed. The wealth of Amerika has been sold out just like most other countries.

The Asians have had it with paper. They know physical has value. They opened up their country to take in the machinery of commerce and now they are ready to flex against their masters. The masters are telling them to hold back a while longer... but they may buy the metals.... slowly. If they went full out, the metals would all be gone in minutes. How many billions would it take to tie up all the metals? China can muster up a few hundred billion without too much trouble.... provided the fed buys their junk paper.

[iOWNme]

Chances are if the Asians wanted PMs they will do so by operating the mine.


Exactly. China has been buying up all the rare earth mineral mines for the past 20 years.....

[learn2swim]

And anybody with a half of brain knows China is Britain's bitch.

[sirgonzo420]

And anybody with a half of brain knows China is Britain's bitch.


hahaha


do what?


:D

[SilverMagnet]

China and India will continue to accumulate physical Silver, meanwhile a small amount of Americans will continue buying and holding paper promises of shit as JP Morgan and the FR continue their practices until America is completely bankrupt. Actually it already is, most people don't care to take their heads out of the sand to realize it though.

[Eyebone]

bullchit, them yellow ass slant eyed bitches don't know chit about silver or gold. all they know is chit about rice and 5 dollar whores. white power!


I suppose this is sarcasm but you are more "right" than many people will admit.

The average "chinese' doesen't know from Gold or Silver, it's the chinese government buying.

Taking advice from Glenn Beck no doubt. :o

[Eyebone]

Taking advice from Glenn Beck no doubt.

Bob Chapman



I meant the chicoms were getting their investment strategy from beck.

Now that I read it over its not funny, bye.

[gunDriller]

bullchit, them yellow ass slant eyed bitches don't know chit about silver or gold. all they know is chit about rice and 5 dollar whores. white power!


you can trash-talk China all you want.

in the mean-time, they are among the current world leaders at doing real work - manufacturing buildings, for example.

http://www.youtube.com/watch?v=VgXi2iKpX_0


though, admittedly, they did steal that factory from Fellowes, the paper-shredder manufacturer.

i've mostly worked in R&D, butmy favorite part of the building was always the factory. i remember in 1984, working for a microwave radio start-up ... they had just outsourced their RF manufacturing to Taiwan. i wanted it to be made in the US. i was told, "well, from an accounting point of view, this is better."

so, they paid the price - the people were simply willing to work for lower wages, so America basically gave them all the manufacturing technology.


and, to top it off, they have US$3 Trillion ... and they're going on a shopping spree.

i wonder if there are Chinese survivalists, and if so, what they might stockpile ... besides rice ;D

[Cobalt]

bullchit, them yellow ass slant eyed bitches don't know chit about silver or gold. all they know is chit about rice and 5 dollar whores. white power!


you can trash-talk China all you want.

in the mean-time, they are among the current world leaders at doing real work - manufacturing buildings, for example.

http://www.youtube.com/watch?v=VgXi2iKpX_0


though, admittedly, they did steal that factory from Fellowes, the paper-shredder manufacturer.

i've mostly worked in R&D, butmy favorite part of the building was always the factory. i remember in 1984, working for a microwave radio start-up ... they had just outsourced their RF manufacturing to Taiwan. i wanted it to be made in the US. i was told, "well, from an accounting point of view, this is better."

so, they paid the price - the people were simply willing to work for lower wages, so America basically gave them all the manufacturing technology.


and, to top it off, they have US$3 Trillion ... and they're going on a shopping spree.

i wonder if there are Chinese survivalists, and if so, what they might stockpile ... besides rice ;D



Most of the major building construction going on there is just China's version of the stimulus package,

They build to put people to work but they have no buyers for what is being built.

Good video on it here.
http://www.youtube.com/watch?v=pbDeS_mXMnM