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China's silver takeover may aim to drain the West
By Tim Zyla
Jerusalem Post
Wednesday, August 21, 2024
While the world has been focused on the geopolitical tensions between China and the West, a more subtle battle has been unfolding in the global financial markets.
China, through a series of calculated moves, has been quietly accumulating vast quantities of gold and silver. This move has signaled a potential shift in the global economic landscape and highlights the developing country's need for exorbitant amounts of resources.
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In addition to its gold hoarding, China has also been strategically increasing its silver reserves.
The Shanghai Metals Exchange has seen a significant surge in silver trading volume, with prices consistently higher than those on Western exchanges. This suggests that China may be deliberately driving up the price of silver to drain the West's resources. ...
... For the remainder of the analysis:
https://www.jpost.com/business-and-innovation/precious-metals/article-815780
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