Back before the financial panic, regular readers of Controlled Greed know I was intrigued by the idea of an Africa-wide investment vehicle. The reasons included things like the Dark Continent was growing nicely and could be an emerging market play with global investors focused on Mainland China and India. Not to mention commodities, which have been in bull territory for some time now.
And, while I still keep an eye on Africa to some extent, my focus has diminished since the meltdown.
Why? Because I didn't need to take the risks of Africa when world-class companies like Cheung Kong Holdings (CHEUY) and Microsoft (MSFT) were so cheap.
And then when the US government started creating trillions of dollars out of thin air, gold presented itself as insurance against a looming dollar crisis. Hence my investment in the SPDR Gold ETF (GLD).
But Africa is an important area of interest -- both economically and especially geopolitically.
So thanks to Controlled Greed reader Tim du Toit of EuroShareLab for pointing me to a UK Telegraph piece by the always-interesting Ambrose Evans-Pritchard on Zimbabwe. Check it out by going to Tim's site here.
Comments