“extends it’s influence”
No one understands what’s going on, do they ?
I mean I’m no Chinese political analyst, but when the Chinese buy things it’s pretty elementary knowledge that they dont’ have to buy EVERYTHING. They just buy enough to control markets.
This was the HUGE deal with Chinese holdings in rare earth. It wasn’t about the fact that the US was sitting on a rare earth. It was the fact that the Chinese weren’t afraid to control the market with just _enough_ rare earth.
It would be interesting to see who moves their gold out of this vault before the Chinese take ownership.
The Tungsten Tong done be gittin bizzy.
Seems like another step in the bid to become the world’s reserve currency.
At least their currency will be backed by something.