That pretty much sums up China's mentality of accumulate and...

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Champion21

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20/01/16

12:51

Post #: 16832079
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Originally posted by nocrap ↑

I find it interesting how everyone says that china is slowing down when as the oil news this morning says as it has before that china is buying record amounts of oil. Yes they are filling up there strategic reserves but ask yourself why if they thought it was going lower or staying low or that supplies was not at risk why would they be in a hurry to get this done. They are spending big money building underground storage. It’s the same with iron ore many think there’s been this big slow down but Rio and BHP are shipping record tones.
So why are countries buying all this stuff if there is this big downturn? People get caught up in what the media reports and it’s not always factual. I was in mining and all I ever heard was about the mining boom then the end of the boom. The so called mining boom was in fact a construction boom that’s what came to an end. It was electrician’s builder’s welder’s boilermakers etc. that got laid off. They were building mines not mining ore. Now the miners are ripping the ore out of the ground at record rates this is the mining boom and it’s not long started. Just because someone works in a mine does not make them a miner they are an electrician or truck driver working in a mine or a mine worker not a miner the miners are not the ones without jobs. So does all these people losing their jobs mean there is a big downturn no it means the contracts or projects have been completed. Like I said in an earlier post the real money is playing a game way ahead of us and it’s the lack of understanding that will cost people money. So we need to use really good reasoning when we read things and cross reference with other information we read. Good information will hold up to cross reference misinformation will fall apart easily.

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That pretty much sums up China's mentality of accumulate and save for the future. They have done that to gold too.

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That pretty much sums up China's mentality of accumulate and...

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That pretty much sums up China's mentality of accumulate and...

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