Today's Greatest Investment: Mongolia
Today's Greatest Investment: Mongolia
The Mongolian Mineral Rush Is On
Things are getting ugly. The Dow is down 7% for the year... The Chinese Hang Seng Index is off 3,000 points since November... The German DAX is off 500 points since January... The Euro is in freefall against the dollar, dropping to $1.38 from above $1.50.
Not that the greenback is in good shape...
Our fair government announced the news today that the trade deficit surged to $40.18 billion in December, the most for the year. But what's the big deal of a trade imbalance when you are $12.3 trillion in debt and counting?
The treasury is offering $81 billion in three-year bonds, this week alone.
You would think that oil might be the answer, but oil has gone nowhere for months. Light crude hit $70 in May 2009. It is at $73.42 as I write this. Granted, a 4% gain in 10 months is better than being snowed in for a week with the Huge Grant videography on cable television, but still...
In the midst of the biggest blizzard the Mid-Atlantic region has seen since the 19th century, it seems the market and the weather have decided to join forces in redefining the word bleak.
But I'm about to reveal to my readers the most undervalued investment out there and how you can still get in on it. Oddly enough, this opportunity is a place that's no stranger to billowing snow or freezing temperatures...
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