Tag Archives: China’s silver imports

SoT #36 – Jeff Brown: Solar Energy Drives Silver Demand In China

Jeff Brown of 44days.net – Reflections in Sinoland is our “eyes and ears on the ground in Beijing.  Because he lives in a suburb of Beijing with his family,  he can provide us with real news, data and political/economic developments in China – as opposed to the filtered propaganda vomited at us from U.S. media puppets.

Very little is known or understood about China’s silver demand and imports.  In our last episode – Unlocking Some Secrets to China’s Silver Demand – Jeff was able to dig up some information on China’s imports which we believe heretofore has not been published in the west.

Based on everything I could find, it looks like China is trying to get its hands on all the silver it can find. – Jeff Brown

This episode Jeff presents us with some stunning statistics regarding the amount of silver required by China to meet its 5-yr plan to install 100 gigawatts of solar (by 2020).   In China, 1 gigawatt will power about 3 million homes (vs. about 700,000 homes in the U.S. – the U.S. is an energy hog). The plan calls for converting 300 million homes to solar by 2020.

It takes 236 metric tonnes of silver per gigawatt of solar energy. This translates into 8.3 million ounces per gigawatt of solar energy output. If China installs 100 gigawatts in the next 5 years, this will require 26,300 metric tonnes, which is 731.6 million ounces of silver. On an annual basis, China’s solar industry alone will require more than the entire amount of silver produced annually by Chinese mines.

In the context of what is believed to be a massive short-squeeze developing in the global supply of silver, it is likely that China’s push to solarize its middle class could have an extraordinary affect on the price of silver. Please click here to see this video and subscribe to our channel: Shadow of Truth.

SoT #33 – Jeff Brown: Unlocking Some Secrets To China’s Silver Demand

The fact that I could not find any statistics on silver bullion imports suggests that silver imports and exports are like gold – a State secret in China.  – Jeff Brown, Shadow of Truth

Jeff Brown of 44days.net – “Reflections in Sinoland – Reporting From the Belly of the New Century Beast” – is our “eyes and ears” on the ground in Beijing.  For us at the Shadow of Truth, he is an invaluable resource for digging up and analyzing what is happening “on the ground” in China.

One of the great mysteries in the precious metals world has to do with information about China’s demand for and use of silver.  We have scoured the western internet for any information about China’s importation of silver and have come up empty-handed.  So we put Jeff to work to see what he could dig up.

Although Jeff could not find any information on silver bullion – refined bars and coins – imports into China – which included an unanswered inquiry into the National Bureau of Statistics – Jeff was able to dig up information on China’s importation of silver ore and concentrates.  Again, this is information for which I have not seen any published reports in the western media.

Based on everything I could find, it looks like China is trying to get its hands on all the silver it can find. – Jeff Brown

We discuss and analyze Jeff’s findings in the second episode of our series on getting a look at what is going on in China from the inside:

China historically – as in, over many centuries – has had an insatiable demand for silver. As trade flourished with China starting in the mid-1500’s, European traders began to drain sovereign silver stocks in order to pay for Chinese commodities.

Eventually the British began to focus on selling opium to the Chinese. The Chinese merchants who purchased the opium from the British were using silver pay for the opium cargo. This served to “reverse” the flow of silver.

As Jeff discusses in the second half of the podcast, the opium for silver numbers are astronomical when measured in today’s scale.