Silver-Gold-Palladium
02-17-2011, 01:23 PM
"Chinese demand for silver is outrageous. The Industrial and Commercial Bank of China (ICBC) sold 13 tons of physical silver in January 2011 alone. Compare that to the 33 tons sold in all of 2010..."
Above quote from http://www.wealthdaily.com/articles/silver-breakout/2977
Given that they sold 33 tons in all of 2010, that calculates to 2.75 tons/mo.
13 tons is 4.72 fold this amount. This is a huge increase!
Above quote from http://www.wealthdaily.com/articles/silver-breakout/2977
Given that they sold 33 tons in all of 2010, that calculates to 2.75 tons/mo.
13 tons is 4.72 fold this amount. This is a huge increase!