Monday, December 17, 2012

John Embry - Chinese Demand For Silver Has Exploded

"...“Right now there is infinitely more demand than there is supply in the silver market. I was just reading a study talking about how much the Chinese demand for silver has exploded in the last ten years. Chinese demand for silver has literally skyrocketed.
When you put that together with everything else that’s been going on in the rest of the world, and the fact that inventories have declined dramatically, you can only arrive at one conclusion which is the supply of silver is really limited. The question arises, where are they getting enough in the near-term to carry out their paper shenanigans? That I can’t seem to answer.”

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