Mining Industrie's Silver Lining - China With the world's economy in turmoil, China has not even approached a recession, they are still growing, and they are running a bit short of some of the key elements to fuel further growth. China is blessed by a rich abundance of natural resources, and for many years was a major exporter of everything from steel to tungsten. However, this month, the Ministry of Land and Resources announced that by the year 2020 only 6 of the 45 major mineral resources will be domestically available in suitable quantity to satisfy the local demand. So, will China wait until they run out to bring in imports? No they have proven themselves to be much more intelligent than that. China will begin to increase the importation of raw materials to increase the longevity of their own local sources, and reduce the average cost, over time, of raw materials necessary for a burgeoning economy. For precious metals, this will remain true, as well, for the Chinese know the value of gold and silver in a world wide recession, something the USA has forgotten. The Obamanites prefer their printed junk currency, which they can crank out in trillions to fund their next folly. Obama has filed a lawsuit claiming China is not exporting enough of their precious metals. China knows that holding them will make their economy and currency more valuable than others who rely on the printing press. They are most likely to turn a deaf ear to the Obama Administration's cries of foul play. After all, it is their gold and they can do with it what they like. Obama believes that only he knows what is best, others simply were deprived of his Marxist Harvard education and simply do not understand. For the international mining community, China's policies will bring a added financial oasis in the deficit spending desert of the socialist economies of Europe and the USA. Mining will fare well, by providing more of the resources that China requires and Obama will loose his frivolous law suit, proving to be as worthless as an attorney as he is as a President. Meanwhile, jobs will be provided in the US and abroad for producing the metals and commodities for China, and the recession will be felt less severely by the mining community. The mining community is still capatalistic and realize that by providing a commodity of quality at a reasonable price, they will benefit the economy more than all the trillions of government bailouts combined. Here's to capitalism, may if flourish and live forever. Charles Kubach Mine-Engineer.Com 6 July, 2009 "The Sign of an intelligent person is not the realization of all they know, but rather the realization of all they do not know." Charles Kubach 1979 Return To Mining Information Page