Friday, July 3, 2009

Australia

I'd stated it several months ago.

And it is now official,

"Australia is much better place than any other developed country in the current global crisis."

The IMF just confirmed this - what I've been believing even before the Credit Crunch.
So did the OECD.

Australia's 1st quarter GDP has shown a Growth of 0.3%.
NOT another Negative quarter, so Australia is "Technically" NOT in Recession.

In fact, Australia is much much better than its Major Trading Partners.
USA, Japan, UK, Euro Zone etc. are all in Recession.
Recovery is nowhere in sight for these countries.

And the "Brother Country", NZ, is the Worst Hit.
With Negative Growth for 5 Consecutive quarters.
That is, since the 1st quarter of 2008!

But of course, thanks to China, Australia weathers the current crisis better.
Because the latest growth for China is above 7% (So is India).

What does this mean to the investors?

Just look at the A$.
Steadily climbing back to about US$80 cents, over HK$6.

Just look at the Gold Price.
Australia is the 4th largest gold supplier.

Just look at the Mining Share Prices.
China is buying and buying the resources sector.
Recently bought the OZ Minerals.
Trying to buy more of Rio Tino.
Eye on BHP.

The World Economy WILL recover.
Though noone knows how long one has to wait.
Do you wait until everyone sees it?

Have you set your Target Price?
Not just the Buying.
But also the Selling.
And the Time Frame?

"Australia" - do NOT just watch it on the DVD.
Benefit from it by Owning a piece of it.

Fate
Investment could be as Simple as ABC - Australia Better (Performing) Country
www.myboysmyboss.blogspot.com

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