- SD Bullion
The big news this morning was broken by Peter Hobson and others writing an exclusive report for Reuters on revamping Chinese gold demand 2021. China renews appetite for gold with US$8.5 billion set to arrive as central bank relaxes quotas China’s appetite for gold jewelry, bars, and coins has recovered as the economy rebounded in recent months Around 150 tonnes of gold, worth US$8.5 billion at current prices, are likely to be shipped by next month May 2021, five confirmed sources claim. This week the London Bullion Market Association or LBMA for short, published what is likely their first-ever soley focused report on silver investment demand: https://cdn.lbma.org.uk/downloads/Pub…
The report was most likely written by Metals Focus a precious metals consultancy based in London, which often too, writes the Silver Institute’s annual World Silver Survey which is actually regularly published. This fifteen-page report appears to be an attempt to gain back some control over much of the ongoing silver squeeze narratives online. Thus far in 2021, silver investment demand remains at all-time high levels considering the now nearly last five decades of this full fiat currency era ongoing. I am going to highlight a few notes from my read of the report.