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 China moving into gold, away from copper?
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pencilvanian
1000+ Penny Miser Member


USA
2209 Posts

Posted - 12/24/2007 :  13:23:18  Show Profile Send pencilvanian a Private Message

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China expected to buy gold and platinum but wait for lower copper prices


Interesting article, if it is accurate then the Chinese are patiently waiting for the price of copper to come down before buying more of it, and are buying gold and platinum to reduce their financial risk on the world markets.

fiatboy
Administrator



912 Posts

Posted - 12/24/2007 :  16:44:35  Show Profile Send fiatboy a Private Message
Good find!

"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson
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