Stock Ideas 
Investing Ideas You Won't Believe What the Russians Are Buying Now...
Investing Ideas You Won't Believe What the Russians Are Buying Now... 
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King Corn Retakes the Throne Zoom-Zoom! With the corn belt under inches of water, "maize" goes ballistic. Corn is in trouble because of the wet spring that has drenched the Midwest. Yesterday, the USDA said in a report that American corn output will be down significantly from last year’s estimate. |
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| You Won't Believe What the Russians Are Buying Now... |
| Saturday, 13 October 2007 | ||||||||
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Last week, we traveled to Russia for our second visit. I was keen to see how the market had progressed. We were invited back courtesy of Kim Waddoup, a British businessman. Kim is convinced the Russians are ready to invest in history... He should know; he's a business associate of many of the oligarchs – the much-publicized business magnates of Russia. Due to years of soaring energy prices, Russia is a staggeringly rich country now... but few people share this wealth. Those who do attended the Moscow International Investment Exhibition last week. It's the first exhibition of its kind. Our associate Kim is the organizer.There is serious money in Moscow... and Kim is convinced Russians are ready to spend it on rare stamps, autographs, and historical documents. It's great news for the collectibles market. As Kim pointed out, "They have their mansions. They have the Rolls-Royce. They have the holiday home in the Bahamas... Now they want trophy assets." Kim was reiterating what we already knew. We have a lot of wealthy Russian clients. They're buying British and Commonwealth stamps... the rare, very expensive ones. We traveled to Moscow to find more and find out what else they were interested in. You'd be surprised at the answer...
Apart from historical literary and classical-music documents, the most enquiries we received were about Marilyn Monroe. The Russians are crazy about Marilyn. Remember the quote from The Seven Year Itch? "Every time I hear it I go to pieces." Marilyn was referring to Piano Concerto No. 2 by Russian composer Sergei Rachmaninoff. Walk down any street in Moscow and you'll see a dozen women modeling their style on Marilyn. One gent we spoke to put the fascination down to Marilyn's relationships with the Kennedy brothers during the height of the Cold War. This is what the Russian magazine Nedvela has to say: When you speak of the American way of life, everybody thinks of chewing gum, coca-cola, and Marilyn Monroe. Who knows for sure? All we know is that the fascination is there. We even saw a Marilyn Monroe limited edition Audi sports car outside the famous G.U.M. department store. We've always been fans of Marilyn's at Stanley Gibbons. She's an iconic figure and popular the world over. Her autograph price is up 136% in the last 10 years. She's a staple investment-grade autograph. If you can find Marilyn Monroe autographs and memorabilia, we suggest you buy them and hold them. Regards, Adrian Roose Steve's note: As long-time readers know, I am a believer in undiscovered and ignored "alternative" assets... Assets like timberland, rare coins, and collectibles. I believe the upside could be greater than real estate or stocks, and it's worth the diversification. Source Excerpted from : Daily Wealth
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