FEEDI am a big believer in commodities. This includes all commodities: Precious Metals - Gold, Sliver, Palladium, Platinum; Base Metals - Copper, Zinc, Lead, Aluminum; Energy - Oil, Uranium.
“Commodities demand is growing for a variety of reasons, but the great industrialization of Asia is certainly the primary one. About half of the world’s population lives in Asia and has never experienced anything like the abundant material standard of living that we take for granted in the States and Europe. As the rise of Asia gradually increases the local standards of living, the per capita consumption of virtually all major commodities will probably eventually approach first-world levels.
China is the greatest example of this phenomenon, as a recent Earth Policy Institute report pointed out. The Chinese collectively already consume 40% more coal, 68% more meat, and 148% more steel each year than the United States. A fascinating subsequent EPI report just published this week, while unabashedly environmentalist in focus, ponders the impact on commodities if the Chinese per capita income of $5k eventually reaches the US level of $38k.” - Adam Hamilton
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