18 September 2023
China’s gold and silver prices in Shanghai consistently surpass Western benchmarks, indicating a resistance to Western price suppression efforts. In September 2023, Shanghai’s gold price was $100 per ounce higher than the West’s. Similarly, Shanghai’s silver prices are significantly higher.
China’s higher precious metal prices signal to BRICS and other gold/silver producers the benefits of breaking away from Western-imposed prices and challenging the USD’s global dominance.