Monday, March 12, 2012

Copper Promoted as 'the New Gold'

Is copper the new gold?

No. The new gold is … gold. It's in a class by itself--an alternative global currency.

But Copper is showing signs of becoming a financing tool--a financial asset as well as an industrial asset. Click here or on the above link to read about securitization of the red metal.

Much like iron ore, China is driving demand for copper. China consumes About 40 percent of the world’s copper.