Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.880

+0.5%

Nov 14 9:30 AM EST

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To: refugee investor who wrote (464)	6/6/2010 6:38:55 PM
From: Italian Investor	Read Replies (1) of 1366

I liked that video going to post it to my buddies on the Berk board. Faber says what a lot of people do not want to hear, but I believe what he says is true. Holding multinational companies and commodities seems like the right choice IMO, so you should do well with those names. It is scary to think what the world will look like 20-30 years from now IMO, but it sure looks like China will be the superpower down the road. I just hope I never have to learn Chinese I have enough trouble with English. Betting on commodities is a no brainer IMO there are only so many resources and the population is just exploding in size. Factor not only population growth, but the most populist countries just starting to live like Americans it gets even bleaker for the world resources. We will be talking about peak everything 10 years from now. I was just reading in a magazine earlier today that 40% of Chinese adults are obese up from 35% a few years ago, just imagine if they catch up to Americans 70% obese rate having like 5X as many people. Munger says the Chinese are the greatest capitalist he has ever seen and he throws up his hands. IMO it makes a lot of sense to pay attention to what they are doing because they will be the ones moving markets.

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