Rising living standards in the Emerging Economies will support demand for Commodities

Marc Faber : Rising living standards in the emerging world will support demand for commodities — and keep us paying through the nose.

if you double someone’s income from $1 million to $2 million, their spending on raw materials “except maybe cocaine” doesn’t rise. Not so for someone on a few thousand dollars a year. They buy cars and the other trappings of middle-class living. - Marc Faber said at World Commodities Week in London on Tuesday morning - via the Wall street journal