We reported the day before yesterday about increasingly significantly different gold and silver prices in the Shanghai Exchange of the Comex and also on 29.8.23 about possible underlying reasons.
While discussions on the Internet about this fact are taking off in all sorts of ways, yesterday Jan Nieuwenhuijs on Twitter, who also wrote the ZeroHedge article we covered, made further good comments about it here.
In short, it may be that a very simple circumstance is responsible for this fact of the different prices, namely that the Chinese central bank is temporarily limiting the import and export of gold to China in order to prevent an outflow of the Chinese renminbi prevent and thus support the exchange rate.
This increases the premiums on the stocks in Shanghai.
The thesis that the increased premiums will lead to a further outflow of gold and silver from the West to the East does not seem to be confirmed, because only a few large banks would be in a position to participate in these arbitrage transactions also that the world stock market price continues to fall instead of being pulled up by Shanghai.
If you are interested in the topic in more detail, you can find out more here.
Another interesting discussion arises as many people speculate that the higher price of gold on the Shanghai exchange means that more oil could be bought for gold there, thus further taking the US dollar out of play. However, it is also questionable whether this can be maintained based on the above argument.
The fact is, however, that the demand in China for gold and silver is higher than the Chinese central bank allows and China also has a massive debt problem and the overall economic data there is also catastrophic, which will inevitably result in higher gold and silver prices at some point .
Another silver bar seller in China has now sold short.
The topic is and remains exciting and should be monitored closely!
As long as the Ephraim National Gold & Silver Trust stocks are still freely available for sale and available.
Everyone can make their own provisions here and also fulfill God's commandments.
Order now for Sukkot and have your tithe travel with the trustee to the Holy Land.
Simply write "Sukkot" or "Festival of Tabernacles" or "Tithe" in the order notes and we will personally ensure that your silver is delivered in Israel to the Sanhedrin Initiative to accelerate the construction of the 12-tribe kingdom .
For larger tithe payments, you can also order the new 777.5g fine silver bar from TempleCoin and it will be placed in the future Temple Treasury in Israel as God's storehouse.
The same applies here: If you don't write a note in the order that we should arrange delivery to Israel, we will ship the order to you.
The Shavuot edition and our popular 1G Goldcard are also available:
The real highlight of the Ephraim National Gold&Silver Trust can be found in our trust exchange, where you can buy gold and silver-backed certificates at the absolute best price without having the classic storage problem.
Each certificate is individually backed by us with one gram of silver or gold, which is stored in our own LBMA account.
Each certificate is further tradable in our own trading system and company certificates are also available.
The price of the silver and gold-backed certificates is unbeatably tied to the spot price, currently only 67.23 euros for a Trust G certificate and 0.79 euros for a Trust S certificate.
You can join the Ephraim National Gold & Silver Trust quickly and easily:
You can acquire access to the trust for a one-off membership payment of 100 euros with the access requirement of the Ephi Card. So make sure that the TrustAccount is only for EphiCard holders or Jews with Tudadesut.
If you don't have an Ephi ID card yet, you can get it here together with the trust account for an additional 100 euros for the Ephi card.
Also take a look at the TempleCoin Shop for other exciting products .
PS a message from China has just come in: