The price in Shanghai is above the price in the West. Arbitragers are selling metal in the east and buying it in the west. It's all flowing East.
Discussion
Let them have fun with their shiny rocks!
Seems like they are destined to make the same mistake they made centuries ago when they chose silver over gold…this time they are choosing gold over bitcoin
Bitcoin will be the last option for people looking for fiat shelter. It will absorb more capital than the metals can. Metals will become un marketable first.