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Friday, February 05, 2016

Chinese Buying Silver To Escape Yuan?

http://goldtrends.net/FreeBlog/3797013

`Since the Chinese government is making it difficult for its citizens to take currency out of the country, many Chinese nationals are bringing a "better currency" into the country. They are buying silver hand over fist. ... the last time the Chinese ramped up their silver buying was in 2009 and 2010 -- several months before the silver price rocketed from $15 an ounce to $50 an ounce.''

 People have been fleeing to gold for safety, too bad it won't be there when they need it.

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