Thursday, April 26, 2012

FT: Chinese Copper Hoarding?

Check out this story, pictures too:

"On a routine trip to examine copper inventories in the bonded area in eastern Shanghai last week, we were astounded by how much copper is being stored in warehouses [...] The covered warehouses were full. The staff car park was used to store copper. The driveway between warehouses was blocked by copper. The warehouse operator told us that it cannot accept additional inventory until existing inventory is shipped out."
Wouldn't you rather own something else? Like nickels?

1 comment:

Stagflationary Mark said...


Usul, we have copper sign the likes of which even God has never seen.