Tuesday, December 18, 2007

Wise investors

It's sometimes good to be ahead of the crowd when it comes to investing, but I'm not sure that this one has been fully thought through. While it's impossible for governments to claim ownership of the moon under United Nations' treaties, a loophole may exist that allows individuals or firms to stake their claim (not literally of course although that would be kind of interesting and certainly give a boost to those seeking a reason to join Google's race to the moon). Enter lunar real estate agents who are doing a fairly good trade. A report by investment bank UBS suggests that Germans are the number one owners of moon property, followed by Swedes, English and Poles. Or are they? Until a ruling is made on whether they can legally lay claim to lunar property - and it appears this may be a way off because according to the United Nations, "lunar acres" are the same as "international waters" - they may just have invested in worthless bits of paper. Which is probably a bit like making a bad call with shares - but certainly more of a talking point.

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