With the advancements in hydrogen cells and world water pollution, will clean pure water become so rare that we will start buying stock in it and trading it on the exchange? Is it the next hot commodity?
2006-06-14 06:52:06 · 9 answers · asked by tankdsp69 1 in Business & Finance ➔ Investing
Yes, but not due to hydrogen cells or pollution. Mainly it's increasing population pressure that will make water more valuable. I don't think that we'll reach the point of actually trading water like gold, but there are stocks which are sensitive to the demand for water. Powershares has a new "Water resources" ETF which tracks companies that provide the equipment to develop water resources: PHO. It was doing well for a while, until the recent market correction. Now it's back to its price about 5 months ago.
2006-06-14 08:50:08 · answer #1 · answered by Yardbird 5 · 0⤊ 0⤋
Yes, Not only will pollution and hydrogen cell advances make water more valuable, but there will also become a booming trade in desalinisation to convert salt water into a usable commodity
2006-06-14 06:57:38 · answer #2 · answered by snoweagleltd 4 · 0⤊ 0⤋
Not even close. I don't know where you get your environmental information but water is not going to be in shortage to any extent to even remotely approach the price of gold. Water is constantly created all over the globe. It would take a world wide cataclysmic event to deplete water that much and if that happened I don't think may people would be trading commodities anyway.
2006-06-14 07:29:36 · answer #3 · answered by scorpio 2 · 0⤊ 0⤋
No. Most of us would die from dehydration long before water could come close to $500 an ounce.
If water ever became expensive, people would start dying of dehydration, and that would decrease demand so that it could never approach the price of gold. You also have to factor in that governments would horde and ration water if it ever became scarce; so it would never get to be a "commodity" that could be traded. It would be rationed according to every person's need.
2006-06-14 07:42:14 · answer #4 · answered by adeelmd 1 · 0⤊ 0⤋
The irony is that Gold is really useless and water will one day be in great shortage. Kind of like the Great tulip craze in which people lost their entire life savings.
2006-06-19 06:22:38 · answer #5 · answered by Marty H 1 · 0⤊ 0⤋
I believe toilet paper ultimately will become the most precious commodity.
2006-06-14 07:44:03 · answer #6 · answered by Cão Bravo 3 · 0⤊ 0⤋
I was ready to call you an idiot, before I remembered that a gallon of bottled water already costs more than a gallon of gasoline.
2006-06-15 10:32:51 · answer #7 · answered by Ranto 7 · 0⤊ 0⤋
I don't know if it will replace gold, but it will become more valuable.
2006-06-14 07:02:04 · answer #8 · answered by math_prof 5 · 0⤊ 0⤋
no
2006-06-14 06:55:32 · answer #9 · answered by JULIE 7 · 0⤊ 0⤋