The Move into Hard Assets: The China Factor
30/05/2009 § Leave a comment
China is aggressively jumping to hard assets again, they are seeking to unwind their position in the US dollar or at the very least hedge themselves against the upcoming hyperinflationary phase that is going to hit the entire world in the not to very distant future. Their move into copper and sugar clearly illustrates that this is the beginning of trend and that many cash rich nations (Japan, Russia, several countries in the Middle East, etc) will soon follow China’s lead.
Bye bye dollar, hello Renmenbi!