Here in the States, we can say that the U.S. dollar is cheap. Everything in America seems cheap compared to Australia. Food, beer, movie tickets, petrol, and of course, houses. The cost of living is definitely lower here, at least in this part of the country. But even though it’s had its first monthly rally since June, don’t go pinning your hopes on the U.S. dollar.
December 23rd, 2009 | Dan Denning | 17 comments | ContinuedAll Posts Tagged With: "energy projects"
Uranium and Gold Exploration Spending Both Down in Last Year
It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).
November 20th, 2009 | Dan Denning | 8 comments | Continued
Apparently More Debt is Now Acceptable in Australia
He added that, “There is enormous concern in China about the US currency and the fact that there could be huge losses ahead for China if the American dollar falls…HSBC research shows that China does not face that risk in Australia. Global investors who want to invest in China can do so via Australia with far less risk.
August 20th, 2009 | Dan Denning | 7 comments | Continued
