China, Solar Energy and Silver
This little excerpt from King World News can be found here.

This is the thing that worries me, everyone talks about inflation and China coming apart, Eric, but no one seems to be talking about the fact that China is planning to spend half a trillion a year on new energy. This includes hydro, wind, nuclear, you name it.

China has well over 50% of the solar industry and no doubt, as part of that strategy, has been accumulating massive amounts of silver and they will continue to do that. This is one reason that silver is certainly headed to three digits.

Another thing about China is they have no tax on gold bullion. There is a tax on jewelry and numismatics but China does not tax gold bullion. This means gold is already a de-facto currency in China....

The implication for gold, given that it is becoming currency in China, given the fact that the Chinese government is doing everything they can to encourage their populace to own it, given that it is the only currency that has a chance of appreciating along with materials over the next three to five years, gold is just something that you’ve got to own.