Investment News: Money Morning

In a move that should be watched closely by commodities investors, the National People’s Congress, or NPC, is drafting an amendment to a coal law that would mandate an increase in China’s strategic coal reserves, according to a report late last week by the China Economic Review.

The country already has two coal reserve bases with capacities of 5 million tons apiece. Two more are expected to be operational by the start of the new year.

This new legislation is to be completed by the year’s end, and presented for discussion at the NPC next year.

Coal accounts for 70% of the energy consumption in Mainland China.

July 2nd, 2007

Peter Schiff: Why this Money Should Replace the U.S. Dollar

There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10… or as much as $10 million.

According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months.

For Schiff’s full analysis and recommendations, please go here.

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