Kingworldnews’s famous “London Source” is saying Asian’s are aggressively buying silver (one assumes gold also) and simply want out of the US dollar. He says the Asians have no problem running silver up to $100/oz. Unlike gold where it makes sense to grab the mine and buy at cost instead of paying market prices, China, as noted by Sprott, has gone from net exporters to net importers of silver. This would seem to imply China doesn’t have the same options to pick up a silver mine to get silver at cost. Only 25% of all silver is sourced from a pure silver miner.
See full article here.