I like to use Fortescue’s [ASX:FMG] share price as a barometer for the iron ore market. And as you can see in the chart below…right now it’s doing well.
While the credit rating directly affects the cost of borrowing, it’s important to remember that it’s not something that happens very often.
There’s a one in three chance that Australia’s credit rating could lower within the next two years. But will this adversely affect our country in any noticeable way?
Monetary and political disorder is always good for gold. If Trump wins the election later this year, the price will go through the roof!
The next great opportunity for Australia is another mining boom. There’s just one thing about this mining boom though. There’s no actual mining…
So whoever wins the election on Saturday inherits an economic time bomb. That they don’t know it doesn’t make it less so.
It’s hard to think of a more inane topic of conversation than the Australian budget deficit. If there is one, we’re all ears.
Increasing minimum wage might sound like the right thing to do. But the real way out of this mess is to encourage private business sector growth.
When the time comes, owning gold stocks will become the hedge against government. That time isn’t yet. When the financial system starts crashing, gold won’t survive.
You can protect yourself by buying gold stocks. Of course, it matters when you buy. And the right moment isn’t here yet.