Goodbye to concrete and steel?
Ric Edelman: It's Wednesday, September 27th. Sweden is building a new city entirely out of wood. There's already a wooden skyscraper in Norway, 18 stories tall. It's got apartments, a hotel, a swimming pool, offices and a restaurant. And now Stockholm plans to build an entire city with 31 wooden skyscrapers. Wooden skyscrapers? Have these people not heard of wildfires?
Well, the designers say that their wood material is environmentally friendly. And get this - slow burning and self-extinguishing - when it does catch fire. There are no toxic fumes. The real thing is that engineered timber by nature is extremely fire resistant. And that's not all. By using wood, the city will cut its carbon footprint by 40%, compared to using concrete and steel. And of course, wood is a sustainable material. Wooden buildings are also much lighter than buildings made of concrete and steel, and that means their foundations can be smaller, but just as sturdy.
It's also pretty quiet to build out of wood compared to concrete and steel. One big complaint is city noise. A lot of that noise is from construction; not when you're building with wood. When the city is finished in ten years, it'll have 2,000 homes and 7,000 offices, along with restaurants and stores. The project is $1.4 billion. A city made out of wood. The latest technology is retro.
You're hearing a lot in the crypto world about spot bitcoin ETFs. Applications for these are on file with the SEC and any day the SEC is going to render their verdict, you can expect a lot of client questions. That means you need to understand how these ETFs work. I encourage you to read my new whitepaper. It's free. It's called What You Need to Know About Spot Bitcoin ETFs. In it, you'll discover why BlackRock has filed for one of these ETFs, how these new applications differ from others, what SEC approval would mean for investors, the impact of the Grayscale ruling and the risks of investing in these ETFs. It's all available in my new whitepaper, What You Need to Know About Spot Bitcoin ETFs. Download it right now for free at DACFP.com.