To twist an old phrase, globalization makes strange bedfellows. Yesterday German-based Heraeus opened a precious metals plant in Nanjing, China. It’s not like Germany and China have been best buds forever; such a partnership was unthinkable just 15 or 20 years ago. Now it’s “necessary.”
In a sentence worthy of a politician, the CEO of Heraeus said in an interview:
“I believe over the next few years and decades, the progress and the enhancement of quality of life for humankind will also depend on sustainable globalization.”
Well alrighty then. There’s no doubt that with the world population hurtling toward 10 billion (with a B), we need to make sure we don’t destroy the planet’s ecosystem.
Which we seem quite capable of doing. Heraeus’ CEO also said something which this Gold Enthusiast snorts at:
“But it’s not the sheer size, but the dynamic and development in China that are important.” Yeah, sure pal; we all know it is all about size. Otherwise, you’d be building plants in half the Third World’s countries, which are much more “dynamic.”
CEOs seem so busy placating the noisy herds these days, it’s nice to see that they still know how to do the math.
You can bet Heraeus will make a tidy profit from this latest venture. We suggest you read more about it in today’s featured article, then let us know what you think about all this globalization in the Comments below. (And for a special treat, this Jim Rogers interview is well worth watching.)