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Frank Giustra: China loves silver and won't be pushed around this time
By Frank Giustra
Kitco News, Montreal
December 31, 2025
History, as they say, doesn't repeat itself, but it often rhymes. And right now, the precious metals market is hearing a familiar, resonant rhyme from the East—one that echoes with the weight of silver bullion and the resolve of a nation determined never to be humiliated again.
... Dispatch continues below ...
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Blue Lagoon Sells to Ocean Partners Nearly C$1 Million
of Gold and Silver from Dome Mountain's Initial Production
Company Announcement
Tuesday, December 30, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) has made its first sale of gold and silver to Ocean Partners UK Ltd. from the Dome Mountain mineralized material that was delivered this month to the company's milling partner, Nicola Mining Inc., for processing.
The company expects to receive C$970,000 in connection with this delivery, representing its first sale related to production from Dome Mountain.
The payment represents an advance on the first shipment of approximately 1,000 tonnes of mineralized material delivered to Nicola, as processing has not yet occurred due to scheduled mill maintenance. ...
... For the remainder of the announcement:
https://bluelagoonresources.com/wp-content/uploads/2025/12/Blue-Lagoon-Resources_Dec-30.pdf
Let's rewind. From the mid-1500s to the early 1800s, China wasn't just a participant in the global economy; it was the global economy. For nearly three centuries, it sat as the world's largest economy, absorbing an astonishing 30-50% of the entire planet's silver production.
This metal wasn't just a commodity; it was the very backbone of the Middle Kingdom's monetary system, its taxation, and its unparalleled commercial growth. China produced everything the West desired -- silk, porcelain, tea -- but desired almost nothing the West produced -- deeming them inferior or unnecessary.
The result? A massive trade surplus for China, draining Britain's silver reserves at a clip of tens of millions of ounces annually by the 1830s.
This imbalance wasn't sustainable. As British silver reserves depleted, the empire devised a monstrous solution: opium. Addict a nation, reverse the silver flow. When China rightly resisted, the gunships arrived, forcing the "unequal treaties" upon a weakened dynasty. Thus began what Beijing today calls the "Century of Humiliation."
Now fast forward. This week, on January 1, 2026, a new policy takes effect: China will begin restricting silver exports. The world's second-largest silver miner and, critically, its most pivotal refiner and net exporter, is deliberately tightening the physical tap. ...
... For the remainder of the commentary:
https://www.kitco.com/opinion/2025-12-31/china-loves-silver-deja-vu-all-over-again
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