And thanks to huge swaths of the developing world moving up the ranks, the current bull market in commodities promises to be one for the history books-- both in time and size.
After all, the wants and needs of 7 billion people are an irresistible and monumental force.
Soon virtually every substance vital to modern life will become enormously expensive − and profitable for investors who know how to play it.
In fact, today's scarcity and soaring costs could spur history's biggest gains.
It is one of the reasons why I recently sat down with resource investor extraordinaire Rick Rule.
A leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture, Rick has dedicated his entire life to all aspects of the natural resource industry.
Rick is without question something of a heavy hitter.
At Sprott Global Companies, he leads a team of professionals trained in resource-related disciplines such as geology and engineering. Together, they work to evaluate commodities-related investment opportunities.
I think you'll enjoy what Rick had to say during our recent Q&A.