But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities.
Our records are commodities. We're looking to make a sale. The radio stations are looking to get the advertising dollars. The end.
There are real people on the pitch. We're not commodities. Well, maybe we are to some degree, but it's the team which creates business. Some people don't appreciate that.
For things to have value in man's world, they are given the role of commodities. Among man's oldest and most constant commodity is woman.
The world wants India to remain an import-based economy. Then India can be a dumping ground where gold can be dumped and other commodities such as oil and gas. They look at India as a huge market.
The commodity price easing really does not play too much role in our margins because our basic raw material - steel - is not really a commodities engineering steel.
Owning a variety of asset classes means that some part of your portfolio will be doing well when the cyclical turmoil arises. A broadly diversified portfolio includes large capitalization stocks, small cap, emerging markets, fixed income, real estate and commodities.
The idea that commodities, as an asset class, is finished is just fundamentally flawed.
Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture. We need to be active in the underlying physical commodity markets in order to understand and make prices.
When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.
