Across the Chinese retail sector, gold, silver and jewelry demand was the strongest performing segment in 2011, says J.
From the 1560s until 1815, a fleet of Spanish galleons made an annual epic voyage from the Mexican port of Acapulco to Manila in the Philippines, carrying silver and supplies and returning with Chinese silks and porcelain that were snapped up by the wealthy in colonial Mexico and Peru.
Even an empty jetty, like the melancholy Steeplechase Pier at Coney Island in New York, draws Russian and Chinese fishermen eager to net the tiny fish that gleam in silver schools round the piles, for the little fry will catch bigger fish, and the bigger ones (mostly herring) are worth curing and eating.
The gold and silver markets showed little reaction to some fresh, upbeat Chinese economic data released Friday.
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This includes the Chinese and everyone else who never stopped knowing that physical gold and silver, in hand, is the best means of long term wealth preservation.
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These would be shipped not to Europe but mostly to Japan--blocked by Beijing from direct trade with China--where they would be exchanged for the silver that was worth as much as gold to the Chinese.
Indian silver-jewelry demand was up 6.6%, while Chinese demand climbed 4.1% to a record high of 56.6 million ounces.
FORBES: Silver Institute: Silver Investment Rises In 2012 But Fabrication Dips
The two-time Olympic silver medallist and his 10-man crew, who are backed by Chinese funds, are rated as strong outsiders among the eight-yacht race.
In a Boston Globe story, the man who was carjacked -- a 26-year-old Chinese entrepreneur identified only as Danny -- described his 90-minute ordeal, from when a man brandishing a silver handgun got into his Mercedes to when he ran for his life into a Mobil gas station's supply room.
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