Saturday, November 24, 2007

Denmark, the worlds richest country in 2025?

Okay, a bit of a ludicrous sounding headline, but one of my reasons here was really trying to think ahead for the sake of the kids, and I reckon Denmark is potentially one of the worlds future commodity resource hotspots.

Right now, per capita, they supply huge amounts of oil and fish products, which generates (my guess), a lot of the excess money that the government uses to fund the welfare state I am so not fond of. anyone who thinks the welfare state is great should live here for a while and see the mindset it creates.

social comment aside, on top of this, they also happen to own a huge chunk of the world's future resource hotspot, the North Pole. Honestly, I hope the government is prepared to do whatever it takes to hold onto Greenland, because that will become a serious wealth generator. Regardless of whether you believe in permanent global warming or just a temporary natural climate change, fact is that the ice in Greenland is receding and the miners are moving in to explore and mine.

Now, and I believe the great Jim Rogers, commodities are going to be hot in the years ahead. Oil is already up to $100 and once those bankers devalue the Euro a little bit, petrol is going to get a lot more expensive here too. And then as for Gold and Silver, overdo it on the currency devaluation and they will be hot and a half.

When you think about the populations of Denmark (5.1m and 100,000 respectively), you can really see how few people will be sharing it out, so if anyone knows any sure fire ways to invest in this potential, aside from mining companies with no earnings (property prices are already VERY expensive up there), then let me know.

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