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Barron's Roundtable 2011 Marc Faber's pick
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http://www.youtube.com/watch?v=KtqIM_bPTws
I want a hippopotamus for christmas, I don't think Santa Claus will mind do you ?
Damn those sinking palm tree shaped islands
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The case for investing in Gulf States equities relies heavily on the region’s rich oil reserves and on the sustained strength of oil prices. Many Gulf nations are flush with oil export capital, which is beginning to engender future, non-oil related industries. While no one can predict future trends in the price of oil, there are fundamentals supporting continued growth in the region over the near and long term. The Persian Gulf and its coastal areas are the world’s largest single source of crude oil.
The region possesses 40% of the world’s total proven oil reserves and 22% of the world’s proven gas reserves.
Qatar possesses the world’s third largest gas reserves, after Russia and Iran, and is the largest exporter globally.
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Let's hope this pick does not make a monkey out of me!
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Looks like I'm the first one in!
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