21.04.2009 - Is China using its US dollar reserves to stockpile metals?
From Agmetalminer.com: Last week, the Telegraph had a very interesting story involving China’s State Reserves Bureau (SRB) buying up copper and other industrial metals not merely for strategic stock-piling or value-buying but to rid itself of some of its US dollar holdings. It’s an interesting theory and one with a few supporters, according to the article. According to the article, John Reade, the metals chief at UBS said he was surprised at how much copper the SRB had purchased.....Full Article: Source
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