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PowerShares Water Resources ETF Message Board

  • mybluc4 mybluc4 Nov 8, 2013 3:52 PM Flag

    You can't drink Gold, Oil or Metal

    Water is the most important commodity of all, and that fresh water supplies are actually quite scarce. In fact, fresh water accounts for only 3% of all the water on earth while surface water makes up just 0.3% of that figure (read: Bet on an Oil Surge with these 3 ETFs).

    Thanks to this limited supply, the ever-expanding world population, as well as growing demand for consumption, water scarcity can be felt in many parts of the world. About 70% of the commodity’s total demand comes from irrigation whereas demand from industrial applications and domestic households account for about 22% and 8%, respectively.

21.07+0.56(+2.73%)Oct 2 4:00 PMEDT