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I get your point about the possibility of a repricing event in commodities,
but if you have to go back to the 1800's for the example, that feels pretty
safe, so long as you are diversified. I'm curious, which commodities do you
think are at greatest risk for a major change in permanent price...any
besides palladium (catalytic converters) and silver (film)?
Larry
In a message dated 04/13/2000 11:53:06 PM Pacific Daylight Time,
robert@xxxxxxxxxxxxx writes:
> The case I have in mind is aluminum. There was a time in the 1800's when
> the wealthy kept their aluminum plates alongside their gold and silver
> plates. Aluminum was over $100 an ounce, if I remember correctly. Then
> the Hall effect was discovered, which allowed Aluminum to be extracted
> cheaply from aluminum oxide ore, which is extremely abundant. Aluminum has
> never gone back up.
>
> With rapid advancements in biotechnology and nanotechnology, I forecast
that
> by 2050 several commodities trading today will lose most of their current
> value, never to return.
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