Sunday, August 1, 2010

Ready, Set, Stockpile

This may cost a fortune in the future...

Last week, an international hedge fund made a huge purchase of the world's supply of chocolate (roughly 7%). That amounts to the entire European stock of cocoa.

Prices for chocolate have already risen 150% in the past two years, and should anything go wrong in luxury vacation destinations like the Ivory Coast or Nigeria, the hedge fund's purchase could exert a huge influence on the price of chocolate.

Ready, set, stockpile that chocolate and start investing in cocoa futures!

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