This does have to do with politics first off, I work in a bronze art casting foundry and in the last year the price of bronze has sky rocketed from around 1.60 to about 2.35/lb. now.

This has something to do with a trade agreement with the Chinese and President Bush and his "cronies".

Now I know this has little to do with world wide politics, but in the last 30 yrs the price of bronze has not moved like it has in the last year, anyone care to comment?

You guys seem to be pretty politics savvy, I thought you guys might have some info on this subject, its really hurting our business, our overhead is killing us!!!

F*CK BUSH

 

Oh man, I have no idea. I cant imagine anything different with supply though I could be wrong

 

It seems to be that China is buying up all the bronze, which in turn is driving the price of bronze sky high, but I know that it has something to do with a trade agreement between us and China, was just wondering if anyone knew the specifics of why this is going on......

 

You need to blame Asia before even considering Bush. Not surprising that Bush is the core scapegoat for another world economics problem.

The problem is that Asia (China) has had an usually large demand for raw materials (mostly metals) which is influencing cost pressure around the globe. They're eating up the already considerably low stockpiles of ore. They are the world's biggest metals consumer by a landslide.

So how does US fall into the picture? Well fortunately, the US is doing better regarding other equities which is a good thing. Unfortunately, this also means there's a significant demand from the US pulling on the other string while our dollar still remains weaker than normal.

Tons of companies are hurting. Car manufacturers and equipment manufactures have been suffering for sometime now. Your company needs to revamp itself from the inside out or else.

 

^^Thank you Salty, you seem to know your sh*t, when it comes to politics, I appreciate the post....

 

As for the trade agreement with China, the main purpose of that is to fix the problem regarding the global effects on currency (a small problem compared to China’s consumption rates but still a factor nonetheless). As far as I know NO agreement has been made yet out of the numerous attempts. The lack of agreement may also spike prices somewhat.