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Sunday, January 23, 2011

China Silver Imports

...from Mitsui...




let's see now 1 kg = 35.2 oz

3,475,394 kg = 122,333,689 oz

@$25/oz = $ 3,058,346,725

~3 billion USD in 2010 net inflow

still a pittance in the big picture, but the trend change is palpable since the credit crisis hit in 2007 and the Chinese government, reportedly, began encouraging their citizens to own gold and silver in 2010 - silver, the poor man's gold.

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