What happens to gold and silver prices if China hits a financial crash?
- Chinese households spent 0.5% of the country's entire GDP earned over the last 5 years on gold;
- Wholesale dealers hold perhaps as much as 1 years' global mine supply in stock, up to 3,000 tonnes;
- The late 1990s' Asian Crisis saw heavy sales from previously big buyer nations, notably Indonesia and South Korea;
- The Global Financial Crisis saw India...the world's No.1 consumer nation since time began...make net exports at the start of 2009, the first time since 1935, as households turned sellers to raise cash.