tagged w/ commodity
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New York - How can you make some quick gains in a slow economy? The smart money on Wall Street is flowing out of gold and Into sand, according to a random survey of top investment analysts.
"Sand is a steal compared to other commodities," said Roger Dilly, Chief Price Adjuster of the Sand and Gravel Institute.
"Gold is toying with the $2,000 an ounce benchmark, but you can still buy a ton of virgin sifted sand for just $5.75."
Commodities trader Brace Jenkins pointed out that sand is one of the most versatile materials known to science, as well is being a public safety essential.
"When the hurricane hit, they weren't filling up those burlap bags with gold or platinum or silver," he said. "People trusted their lives to sand."
Even technology analysts are enthused with the granular substance. "You can't have computers without silicon. And you can't have silicon without sand," said Jason Hoffer, the high-tech high priest at Casino Commodities. "That's right. Steve Jobs and Bill Gates were essentially sand salesman. Live with it."
Sand's status as a luxury item is also growing. A recent study by the No Trespassing Group Of Luxury Resorts asked a sampling of upscale travelers what their favorite beach material is. A total of 56% chose sand over such alternatives as crushed rock, pebbles and recycled medical waste.
"Best of all, sand is the main ingredient of glass," said the Sand and Gravel Institute's Dilly. "That makes it the most transparent investment that money can buy."
Dilly advised investors to bring back a few buckets of sand every time they go to the beach. "It's like building a sand castle for your retirement," he said. "And if things really get tough, there's nothing better than burying your head in the sand."New York - How can you make some quick gains in a slow economy? The smart money on... more
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suzane
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added this
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2 years ago
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The food crisis has pushed the number of hungry people in the world to almost 1bn, in what the United Nations’ Food and Agriculture Organisation described on Tuesday as a “serious setback” to global efforts to reduce mass starvation.
“The ongoing financial and economic crisis could tip even more people into hunger and poverty,” the FAO added.
The Rome-based organisation said that a preliminary estimate showed the number of undernourished people rose this year by 40m to about 963m people, after rising 75m in 2007. Before the food crisis, there were about 848m chronically hungry people in 2003-05.
“High food prices are driving millions of people into food insecurity, worsening conditions for many who were already food-insecure, and threatening long-term global food security,” the FAO said in its report The State of Food Insecurity in the World 2008.
Prices of agricultural commodities such as wheat, corn and rice jumped to record levels earlier this year, triggering food riots in countries ranging from Haiti to Egypt to Bangladesh and prompting appeals for food aid for more than 30 countries in sub-Saharan Africa.
I suggest everyone go to freerice.com...The food crisis has pushed the number of hungry people in the world to almost 1bn, in... more
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Great analysis of how McCain showed he's a lightweight on economic policy and not such a straight talker at his recent NYC town hall meeting.Great analysis of how McCain showed he's a lightweight on economic policy and not... more
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Coffee sales are booming on the high street... so why are coffee farmers giving up the trade? This is a unique short cut of the powerful feature documentary Black Gold.Coffee sales are booming on the high street... so why are coffee farmers giving up the... more
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