FriedrichVonHayek

Shanghai 23 Apr 2024 PM USD 29.86 The Chinese are maintaining the $3 premium, at some point the West is going to run very low on Silver. They seem to be ridding themselves of US Treasuries and buying up commodities instead.

The Shanghai fix has been updated and the arbitrage is down to $3.

There's a $4 arbitrage between Silver in Shanghai and Silver in Western markets.

Looking at a long term chart it's highly unusual for the ratio to be so high.

Nothing's guaranteed but there's a decent possibility of it happening.

The best way to buy cheap Gold is to buy Silver, when and if the Gold/Silver ratio goes under 50, imagine how cheap the price of an ounce of Gold would be.

Sold.

Bump More available!

1050g Sterling Kiloware for a Full Sovereign and a Half Sovereign or 3 Half Sovereigns I will pay the postage my end and the person willing to swap pays their end. Picture below is an example of what you will receive. They will be fully hallmarked medallions and ingots.

They'll probably hold off until the markets are closed at the weekend.

VAT in the Chinese Gold Market Standard Gold in China is bullion cast by a LBMA or SGE approved refinery in the form of bars or ingots of 50 gram, 100 gram, 1 kilogram, 3 kilogram or 12.5 kilogram form, with a fineness (gold purity) of 9999, 9995, 999 or 995. Both Standard Gold and Non-Standard Gold are exempt from VAT when imported into China by authorized gold importers. The default rate of Value Added TAX (VAT) in China is 17%. However, various lower rates also exist. Standard Gold sold on the Shanghai Gold Exchange (SGE) is VAT exempt. A party to a gold transaction on the SGE will be issued with a “SGE Invoice”.

As opposed to the Western Free market.