Super interesting… I totally see how that happens if physical supply moves east. Out of curiosity do we know the silver and gold price on the SME?
Discussion
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.
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.
https://m.youtube.com/watch?v=tL9pZZziudA
These guys have been doing it for a long time. Have a pretty good grasp of the markets. Good channel.
Learned a ton! Thanks for sending 🙏🏽