We might have come down from the dizzying heights of the mining boom, but Australia is still a resource-driven economy. If you’re a gold bug, or interested in resources investing, or simply want to know more about how global events impact our biggest export sector…the Daily Reckoning Australia is the go-to authority on commodities and ‘hard assets’. In our ranks we have the economist who literally wrote the book on The New Case for Gold, Jim Rickards.
BY James Rickards POSTED September 14, 2017
The next Fed head will have a lot on his or her plate.
Who do I believe will replace Janet Yellen as Fed Chairman? And why did last week contain the most momentous 72-hour period in the Fed’s entire 100-year history?
...and the Hidden Opportunity
You don’t need us to tell you about Australia’s debt.
We’re at record levels in this country.
Do you stay out of the market and keep your cash on the sidelines? Or do you get
in on the action?
You will know exactly what to do by the end of this report…
BY James Rickards POSTED September 02, 2017
These stories explain why gold is not just money but is the most politicised form of money.
They show that while politicians publicly disparage gold, they quietly pay close attention to it.
The first strange gold story involves Germany…
BY Callum Newman POSTED August 22, 2017
Why do you care again? Because a healthy China makes for a healthy Australia, especially in the mining sector. We run a strong trade surplus with China. And with iron ore still flirting near US$80 a tonne, there’s millions pouring into selected Australian pockets.
BY Callum Newman POSTED August 21, 2017
Man, check out that iron ore price… It’s now hit its highest price since April. It’s trading just under US$78 a tonne. Who picked that happening this year? Certainly not me. Iron ore is now up 46% since its June low. And apparently this time of year is normally weak due to seasonal Chinese buying patterns. It’s party time for Australian iron ore companies (and the government) for as long as it lasts.