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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • China Silver Import Numbers 2 comments
    Jan 31, 2013 1:27 PM | about stocks: SLV

    I finally found some data on Chinese silver imports through the Silver Investment Conference here. You will have to register for free there. Some interesting keynote speakers I like are Eric Sprott, David Morgan, James Turk. You can watch them today live.

    Apparently the Chinese have been net buyers of silver, just as they have been becoming net buyers of gold (Chart 1).

    Chart 1: Chinese Silver Imports through Hong Kong

    Stocks: SLV
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  • dak riggins
    , contributor
    Comments (649) | Send Message
     
    Anatal Feteke hypothesizes that China has lots of domestic silver from its silver standard days. You heard anything on this?
    6 Feb 2013, 03:23 PM Reply Like
  • Katchum
    , contributor
    Comments (532) | Send Message
     
    Author’s reply » That's all speculation, who knows how much silver the Chinese have. I know they have very little gold, so it's not unimaginable that they have very little silver as well, because these two go in tandem. You can see the same happening in imports, they go in tandem.
    6 Feb 2013, 04:01 PM Reply Like
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