A 'Copper Standard' for the world's currency system?
Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal.
By Ambrose Evans-Pritchard
16 Apr 2009
China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.
Article continues: http://www.telegraph.co.uk/finance/c...cy-system.html
Mike at FeverIAm comments on this starting at 8:12 of this video blog.
Don't Panic! Deflation? Don't believe a word of it!
April 16, 2009
Video (10:07): http://www.youtube.com/watch?v=_V8ZU...e=channel_page
WOW, this is interesting as I reviewed this post under Economy and Currency (verifying links are working and spelling) I noticed this is the 888th Topic and there has been a total of 8118 views of the Economy and Currency thread. Into numbers
...just thought this was maybe synchronistic in some way.