Uncle Ben has kicked the can down the road and will continue to do so for an indefinite period . Anticipated result is inflation (devaluation) of the American dollar .
This leaves gold and other precious metals as the ultimate store of wealth and safe haven.
Stand back we have lift off .
A note of caution is that Australia is being perceived as having a degree of sovereign risk caused by Canberra's misguided efforts to seize wealth from miners and mining shareholders . Added to this we have a history of financial irresponsibility that takes your breath away . Any takers for pink batts,million dollar shelter sheds and general largesse to try and hold onto power at the taxpayers expense.
We all live in interesting times
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Uncle Ben has kicked the can down the road and will continue to...
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Anthony Noble, MD & CEO
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