Secret Deals, Africa’s Richest Mines
Jun 4th, 2008 | By Manraaj Singh | Category: Emerging MarketsInvestors are lining up to grab their share - you can be one of them if you act fast enough.
Investors are lining up to grab their share - you can be one of them if you act fast enough.
Early this week, we introduced the idea of buying the ABCs – Australia, Brazil, and Canada – as a way to own commodities for the long term. Several DailyWealth readers wrote to ask, “Great… but what about Russia?”
Crude oil is grabbing the headlines but it’s coal and uranium that together provide nearly half the world’s power.
There are lots of reasons why a small company share can go up in price quickly. Usually it’s an innovative new product, a new market, or, in some cases, a sudden change in the market value of a good, product, or service.
Bargains sometimes come with risk. So is now the time to seriously consider investing in companies or funds with an interest in the mineral rich but troubled nation of Zimbabwe.
Prices give the rankings. Diamonds generally come top. Ruby and emerald are also priced higher than a top quality sapphire, due to their rarity. For a one-carat ruby stone the bill is likely to be between $250 and $10,000 per carat. Truly quality gems will cost more.
Is it true that De Beers pulled off one of the one successful pieces of social engineering ever? If they did manage it, you can’t deny that it was one of the most remunerative schemes ever hatched!
Last Thursday, my colleague Chris Johnson talked about market timing. Chris wrote how market timing isn’t an evil thing.
Last week, Ori Temkin, the chief executive of diamond polishing group Steinmetz noted that demand in the diamond market had exceeded supply for the last four to five years – and he predicted this imbalance would many last more years before the supply increased.
This is something I have believed for a long time. However, more evidence emerged this week to support this view… and it’s all to do with energy…