Feb. 9 (Bloomberg) -- China Investment Corp.,(CIC), the nation’s sovereign wealth fund, invested for the first time in the U.S. Oil Fund ... CIC also took a 1.45 million share stake, or 0.4 percent of the total, in the SPDR Gold Trust worth $155.6 million...
CIC’s investments through the SPDR Gold Trust are equivalent to 145,000 ounces of bullion, or about 0.4 percent of the 33.9 million ounces China’s government maintains, based on data from the International Monetary Fund...
CIC is considering new investments in resource-related companies this year. They held “early” talks for direct investments in Brazil, the world’s second-biggest iron-ore exporter, and Mexico, the No. 2 silver producer, Chairman Lou Jiwei said at the Asian Financial Forum in Hong Kong on Jan. 20. --
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Comment: It is is an easy task to guess where the future wealth will be: in Euroland or the US where the game is ever more debt accumulation or in China with the acquisition of gold and natural resources. Yet there is still the risk for China that it will miss the boat when the US bonds are crashing and that the Chinese will be left empty-handed with most of their foreign exchange reserves.
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