Posted on 01/04/2011 2:53:42 PM PST by FromLori
“All these people who got MBAs made a mistake,” according to Jim Rogers, the commodities investor, at the Reuters Investment Outlook Summit last month.
“The City of London and Wall Street are not going to be great places to be in the next two or three decades. It’s going to be the people who produce real goods in charge – the farmers and the miners.”
With commodities up 42pc since the beginning of last year, according to a basket tracked by Reuters, his words certainly ring true for 2010. An array of metals from gold to copper have hit record highs, while palladium has doubled and silver is up 83pc.
Coal, potash and other mining companies have also been a key target of merger and acquisition activity.
We believe this isn’t just a short-term rally, and would argue that commodities will have another bull run this year, driven by fundamental demand from emerging economies – principally China.
(Excerpt) Read more at telegraph.co.uk ...
Shades of ‘Animal Farm???’
Better than the professoriat.
Just bought a 12 pack of beer for the 1st time in a month. Pacifico Clara and Negro Modelo were both up a $1 since last time.
Well, I must say, I don’t think that JP Morgan’s massive naked silver shorts can be working out for them very well recently.
Yeah. The beer at my supermarket has been going up a buck every time I turn around. I lay in a couple of cases, but there’s a limit to how long it will keep. Maybe a year or so in the cellar.
Cool. I start farming our side lot this year - twelve 10x4 raised beds, six fruit trees, and some table grapes.
As a farmer, I’m not complaining.
That doesn’t make sense. If commodities and real goods are where the money is ... that’s where Wall Street will invest. High commodities values may help miners and farmers, but it won’t hurt Wall Street (where much of the ownership of mining and farming operations reside).
SnakeDoc
I think you can add OIL to this.
I don't drink beer but I noticed that bacon is up more than a dollar a pound over the past couple months.
Who can live without bacon?
Couldn’t be any worse than landscape artist and chicken farmer. Jokes aside, the self anointed social architects in charge now are right down there with child molesters on the ethics scale.
"Have you heard the news? The dogs are dead..."
Get the book by conservative author Taylor Caldwell called “The Devils Advocate”. Libs hated her, they still do.
She was right 60 years ago.
retailers of the world unite!! When the revolution comes we’ll all have twenty paid weeks off a year, a russian bride, and the right to kill any customer who dares make a return
So all the small farms have been bought up by large corporations and get subsidies (cotton, rice, soybeans and wheat) from the government. Guess someone was pretty damned smart.
Yeah, but if you are not a farmer that goes along with the agenda, they will flatten you.
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