I have often wondered of you why "yellowcake" and why not ss rather than hc. In any case many thanks for your persistence and information about soft commodities.
Something else I have wondered about: I accept your view (and that of Jim Rogers, Marc Faber and Bill Bonner) that a coming wave is soft commodities / agriculture and one way to become involved in this trend is to invest in agricultural land, which should be cheap in Australia now (based on the ongoing drought and the fact that c ockies apparently have not made a quid in yonks) but should get much dearer (the drought will break and soft commodity prices are all trending upwards).
But when I talk to c ockies they tell me two things: one, they have been going backwards for years and are all looking for exit strategies, and two, that the value of their land has kept going up throughout this period. When I question this divergence they all tell me that the bush is different to normal business. Well I suppose it is if the government keeps bailing you out.
But the bottom line is that the only way one can justify most rural land prices in Australia is not as an investment based on income returns but as a speculation (or a ponzi) based on hoped for capital gains.
So I have been wondering where to get hold of some cheap land. I think I have found the answer...in Brazil.
