Today's chart shows that once again, the ABCs are the place to be these days.
Years ago, Wall Street began using the acronym "BRICs" when discussing investments in the developing countries of Brazil, Russia, India, and China. We say, "Go ahead and watch the BRICs... but also watch the ABCs."
The ABCs are Australia, Brazil, and Canada. These are the three best countries for long-term investment in commodities like oil, uranium, copper, iron ore, and sugar. Each country has managed its finances better than the U.S. Each is loaded with the raw materials growing giants like India and China need.
Take Australia. The Land of Oz is a major producer of iron ore, coal, wheat, gold, uranium, and natural gas. It has excellent rail and port infrastructure. It sits on the doorstep of Japan and China. And while the U.S. dollar has spent its time crashing, the Aussie dollar has spent its time soaring. It's as close to a gold and commodity-backed paper currency as it gets.
Years ago, Wall Street began using the acronym "BRICs" when discussing investments in the developing countries of Brazil, Russia, India, and China. We say, "Go ahead and watch the BRICs... but also watch the ABCs."
The ABCs are Australia, Brazil, and Canada. These are the three best countries for long-term investment in commodities like oil, uranium, copper, iron ore, and sugar. Each country has managed its finances better than the U.S. Each is loaded with the raw materials growing giants like India and China need.
Take Australia. The Land of Oz is a major producer of iron ore, coal, wheat, gold, uranium, and natural gas. It has excellent rail and port infrastructure. It sits on the doorstep of Japan and China. And while the U.S. dollar has spent its time crashing, the Aussie dollar has spent its time soaring. It's as close to a gold and commodity-backed paper currency as it gets.
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