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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (39233)4/28/2009 11:45:34 AM
From: LoneClone  Respond to of 39344
 
From what I have read, the Chinese do not see this buying of base metals as an investment so much as a chance to get cheap stockpiles to be used in the future when prices return to higher levels, and also as a way to unload their immense of holdings of US dollars.

But you are right, I think they would prefer an orderly market if that is possible.

LC



To: Valuepro who wrote (39233)4/29/2009 1:31:02 PM
From: LLCF1 Recommendation  Read Replies (1) | Respond to of 39344
 
<But they are not buying to see their investments wiped out, are they? >

No, but they may (partly) be buying BEFORE their investments ($US) get wiped out. The latest dollar blip up with metals down seems quite a boon for them.

dAK


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