"Adjusted for inflation, prices touched a high of about $2,423.8, according to figures from the World Gold Council".
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.
Monday, December 27, 2010
Tuesday, November 09, 2010
Among the very small number of you who read my blogs, will be the overwhelming majority of you who think I am too critical. Yes, for good reason. But alas, today I am out to offer some validation to ‘high flying’ corporate executives. I have been very critical of the mining industry for their poor decision making on the Resource Rent Tax and Emissions Trading issues. But my respect is hereby extended to the executives of uranium miners Paladin and Aquila who did not sell their souls for the sake of short term profits.
The executives of these companies, according to the SMH, “have rejected putting Australia's first climate change shareholder resolutions to their annual meetings”.
I must say, I would be more impressed if these and other executives used their ‘reporting opportunities’ to objectively challenge their counterparts...rather than just say its not a shareholder issue. This is nonsense. It’s a moral issue, and every person has moral agency or responsibility, at least anyone with active cognitive faculty.
These companies took these steps because “in September, The Climate Advocacy Fund, a joint initiative of The Climate Institute and Australian Ethical Investment, repudiated their failure to comply with its standards. i.e. “For failing to provide adequate information to share- holders about carbon footprints”.
The companies are perfectly free to repudiate these impositions by government; and to ignore any organisation which panders to the politick managers in order to have some power for themselves, or ‘economic relevance’. Carbon-linked funds is today’s scandal, but tomorrow’s forgotten issue.
Companies don't get much credit from the collectivists (socialists) despite being the organisations which facilitate the creation of wealth...the benefits of which we all enjoy. The flipside is that we have 'government-empowered' middlemen to parasitically canvas any agenda, legitimatised by illegitimate 'democratic' (aka 'tyranny of the majority', i.e. extortion) government, in order to gain some market relevance. So we want to credit these executives to the extent that they have justified it. We merely wish they could be more principled exponents of objectivities, rather than merely negotiating a legal minefield.
Nevertheless, where would we be without these 'practical people'. Determined to be a practical person someday myself...but only when its indeed practical to be myself..that is principled people! :)
Sunday, October 24, 2010
Wednesday, October 20, 2010
Thursday, October 07, 2010
Tuesday, October 05, 2010
Monday, August 30, 2010
Wednesday, August 18, 2010
Monday, August 09, 2010
Geoscience Australia calculates that the country's "economic demonstrated resources" of iron currently amount to 24 billion tonnes. It is being used up at a current rate of 324 million tonnes a year. In the 1960's it was reportedly called "one of the most massive ore bodies in the world" by Thomas Price, then vice president of US-based steel company Kaiser Steel.According to the Australian Bureau of Agricultural and Resource Economics, that resource is being used up at a rate of 324 million tonnes a year, with rates expected to increase over coming years. Experts Dr Gavin Mudd (Monash University) and Jonathon Law (CSIRO) expect it to be gone within 30 to 50 years (Mudd) and 56 years (Law).
Wednesday, August 04, 2010
Wednesday, July 21, 2010
Friday, July 16, 2010
Tuesday, June 29, 2010
Currently travelling so don't expect speedy insights.
Andrew Sheldon www.sheldonthinks.com
Wednesday, June 09, 2010
Friday, May 14, 2010
Monday, May 10, 2010
Thursday, May 06, 2010
Monday, May 03, 2010
"Is the Australian house market a bubble? The Australian money supply (M3) has gone up 10% per year, the last 10 years. It is not an issue of if, but when".
Property prices are high because govt artificially keeps them high by restricting land releases, so they can keep taxes high, keep you working hard, and minimise the cost of local services, i.e. roads to nowhere, buses servicing no communities. High rates of immigration can be expected to assist with property demand. Where are all the NZ'ers going to go for a job. Sorry, you are right, they are all already there. :)
Many argue that China is a bubble, but again with huge capital inflows boosting labour productivity and productive capacity, I think there is fundamentally strength there. They are on an exponential growth path, along with India. I think this is one of those magical times where the world does REALLY WELL. Afterall 3 billion people have had their markets deregulated.
The US and EU are more of a basket case, so I think there will be a short term impact from those countries performing poorly and as he suggests 'boosting their money supply', but the long term looks good for Australia and the world, and govt spending will raise demand in the short term, as much as it might be inefficient expenditure.
I think markets will fall, and activity subdued only for the next few years...sideways more than anything. There was no huge capacity overhang when the US tanked, so the slack will be absorbed in a few years.
Tuesday, April 27, 2010
Friday, February 12, 2010
1. Loss of membership: Greece and countries which adopt lower standards of financial discipline are kicked out of the monetary union. They are forced to establish their own currency, or establish a common 'Mediterranean' currency, which might even become a popular standard by countries in the Euro Area which are not able to join the Euro Union. This is not a silly idea. The values which divide Northern and Southern Europe are significant.
2. Euro support: The Euro Zone is concerned about the collapse of its member countries, and so it offers unconditional support for Greece and the other dubious Euro countries.
3. Negotiated settlement: The Euro Union talks up the notion of supporting Greece and other Euro countries in "dire straits", then engages in a protracted process of negotiating a set of conditions for retention of inclusion in the Euro Union. The political party looks good because they resolved the problem, they are forgiven by the Greek people because their austerity measures are a necessary price to pay, because everyone understands the importance of being in the Euro Union.....or don't they?
Either way, it makes no difference to the Euro Union. Whether Greece and the others are kicked out makes no difference. It would be a logical divide if these countries ended up going their own way. The Mediterranean countries have different values, so its appropriate they have a different values, so they can remain the industrial backwater they want to be, where lifestyle means more than money-making. Either way, whether they decide to adopt austerity measures or adopt a diminished currency, who needs to worry, they account for such a small portion of global GDP, why care? The Greeks will do what they do best....eat and drink.....and chat.
For more background info on this issue - here is a good article.
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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Buying Philippines Property 2010
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MY ADVICE is (i) look at a range of market indices and decide upon what level of correction would give you the justification you need to get in & out of the market. It might be a 5-10% retracement or a break of trend. (ii) Diversify if you dont have an intimate knowledge of the company or management. More than 30% in one company is aggressive.
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