"During the sub-prime crisis safety was in U.S. dollars and U.S. Treasuries. Now that anchor to the global community is deteriorating," he said in an email to Reuters.
However, with China's economy, the world's second largest, continuing to expand strongly, "commodities could be a bit of a haven on a China play," said Citigroup's Thurtell.
"China has not excessively borrowed, they've got a pretty good fiscal position, they've got very high foreign exchange reserves, so China's got the ability to keep growing and that's the bottom line in commodity markets," he said. For Relevant Price Information, Double Click on one of these codes: Cc1 CLc1 LCOc1 (Editing by Sambit Mohanty and Mike Nesbit)
like I said before there is nothing else out there safe enough worth investing in other than hard assets. Bonds and currencies are sheit, so the chinese money needs to go elsewhere....
SDL Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held