Chinese Buying Silver To Escape Yuan? - InvestingChannel

Chinese Buying Silver To Escape Yuan?

“Since the Chinese government is making it difficult for its citizens to take currency out of the country, many Chinese nationals are bringing a “better currency” into the country. They are buying silver hand over fist. … the last time the Chinese ramped up their silver buying was in 2009 and 2010 — several months before the silver price rocketed from $15 an ounce to $50 an ounce.”