Author, Andrew Sheldon
Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.
While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.
Sunday, March 09, 2008
The rationale for this is that the US is pushing the globe towards a new monetary standard. By debasing the USD, they will actually be increasing taxes through 'bracket creep' and giving people the perception of rising markets. Oh you say - What about inflation. Not our fault! Its just because of China's insatiable demand for commodities, which is forcing up prices. Well you could be forgiven for believing it, if you read newspapers. I do when I run out of tissue paper.
You might ask why the US would want to debase its currency? I think the rationale is that it holds real assets whilst Japan and China are holding paper (treasury bonds) which are payable in debased US dollars. But aren't wars fought over such things? Well I suggest not, given that the USA didn't force the issue of currency manipulation in the Asian Bloc. No one cares though as long as there is growth on the table. The positive side is that the these economies are opening up. There are now 4.5 billion free traders when a decade ago there was more like 1 billion fully- fledged free traders and 3.5 billion traders with constrained access.
The next policy issue is to start thinking about the quality of thinking by these 3-4 billion free traders, and not just in the developing world. Evolution seems to have taken the slow democratic path to progress. Not that a consciousness can be forced to think, but they could do with some positive education.
Andrew Sheldon www.sheldonthinks.com
You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.
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