Posted on 21/02/08
INSIDE SPROTT
It's 8:15a.m. and the day is unfolding as it always does in the 26th-floor Bay Street offices of Sprott Asset Management. Sitting around a huge boardroom table, analysts and portfolio managers toss out factoids and ideas gleaned from their research, while the CEO of the firm, Eric Sprott, takes notes in a spiral-bound notebook. Declining global oil reserves are discussed, as are gold prices, solar energy, the value of General Motors shares, and milk. Yes, milk. Analyst David Tomljenovic broaches the topic as a result of some reading he's done about a growing milk shortage caused by rising consumption in emerging economies like China and India. "Milk is the new gold," Tomljenovic offers.
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