Relevant:
- Chinese Gold & Silver Exchange Society Runs Out of Gold...Importing from Switzerland and London
- James Turk - Silver Backwardation Near All-Time Record (As Silver Hits $38/oz)
- Gold Resource Corporation to Launch Gold and Silver Dividend
- London Trader: "LBMA Gold-Price Rigging To End; Relentless Chinese Buying of Physical Continues"
- Are We Being Too Conservative With Our Price Target For Silver?
2012-07-29 — zerohedge.com
As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter - almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and... 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 grams of gold. The
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