Industrial demand from China will have impact on silver price

China is now largest energy consumer. For over a century it US consumed most energy.

China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.

As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.

As we know it's impossible to make iphone or TV without silver.
Silver is the best electricity conductor.

There is a lot of potential for high silver demand.

Around 20% of Earth population lives in China.

Category:

News & Politics

Tags:

• silver price
• silver
• china
• industrial demand
• best conductor
• electronics
• investing
• china buys gold
• commodities
• largest energy consumer
• savings rate
• standards of living
• yuan
• dollar decline
• asian demand

[ilyuxo]

200.000 new cellphone account open in china every day

[Raycheetah]

Excellent point! =^[.]^=

[halfasheep]

I spent 2 months in travelling in China this year. There were very few visible homeless people. Everyone seemed to have a mobile phone.

I would guess there are more homeless per capita in Australia, NZ & the USA.

[charlesfuchs]

silver is great!!