The Commodity World is Growing in Strength
Mary Anne & Pamela Aden
The Aden Sisters
Aug 17, 2009 [
link to www.321gold.com]
The commodity market is bubbling. Whether it be sugar reaching a three year high, copper and other base metals reaching almost one year highs, or oil and gold rising further. The markets are looking good.
They’re moving up on signs that the global recession is easing. This is boosting demand, especially in China and Asia, which is pushing prices up.
TANGIBLES ARE “IN”Tangibles are growing in strength. From the metals, natural resources, energy and food, these markets are rebounding strongly and they’re poised to continue rising in the years ahead. Demand is the driving force, making commodities a powerful market.
The Chinese are astute investors. They’re buying up lots of hard assets and commodities for infrastructure, and they’re using their dollar reserves to buy these goods.
The world is on sale and China is the main buyer. The Chinese have already been focusing on resource rich developing countries, and less on monetary investments. They’re using their reserves to support and speed up overseas expansion and acquisitions by Chinese companies.
This is a growing tendency, and it’s not just China. Other countries are doing the same to lock in natural resources for the future.
China’s economy is showing impressive strength, boosting raw materials’ consumption even more. Top Chinese officials have been commenting about this in recent weeks.
A research chief, for example, said China should buy gold and U.S. real estate instead of Treasuries. Another top economic official said China should use more of its $2 trillion reserves to buy energy and natural resources. He also believes their 2% gold reserve is too small, even though China has already increased their gold reserves about 75% over the last five years.
(More at posted link...) Tangibles? I'm thinking water, food, guns, ammo, tools...:DJrebelli: