China Stockpiles Commodities »
Posted By populist 7 months, 2 weeks ago in Political News“China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline. It’s part of an overall desire to decrease its exposure to dollar assets.”
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populist
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dissent7 months, 2 weeks ago
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i'd said this a year ago. since the dollar has been plagued by instability in this new century china needs to dump its dollar holdings to steer clear of a loss. the best way to do that is buy things with their dollars. there's two things going now at bargain basement prices. companies and commodities. china's buying up both. that's a megaton of growth that will explode when the time is ripe
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