Prediction for 2013: Days of Abundant Natural Resources to Continue

By The Daily Reckoning Australia,

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An old bit of advice says, 'Never eat at a place called Mom's or play poker with a man named Doc.' That's a joke, but this isn't: Never fall for an argument that says we'll run out of some natural resource or bet on the 'end' of cheap anything. Such views will cost you money in the long run.

Let's look at potash, a rock mined and processed to make fertilizers. This is a commodity that got exciting in 2008 and 2009 as the price ran from under $200 to $1,000 per tonne. It has since meandered between $300-500.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
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