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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Valuepro who wrote (30258)8/13/2004 5:21:58 PM
From: seventh_son  Read Replies (2) of 39344
 
If I were the Chinese, or the Japanese either for that matter, I would be busy securing stockpiles of commodities using the over-abundance of depreciating US dollars that they hold. The Bank of Japan already made the unorthodox step of buying stock market shares held by the banks about a year and a half ago. I wouldn't put it past the Chinese government to be secretly securing stockpiles of all manner of commodities. I read an article a few months back that investigated clearances of gold from the second half of 2003 and concluded that the Chinese government must have been buying gold, in spite of their claims to the contrary.
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