WRY & DRY #34 FY-24. Invade, but not yet. Power. Local taxes.
Last week, Albo went back to the 1950s to build an Australian manufacturing sector to compete with… China. This week, Defence Minister Marles went forward to the 2030s with a massive re-armament programme to compete against… China.
Some $50 billion of new dosh over the next decade will be spent on new toys. But almost no new serious capability will be delivered for at least 10 years.
Albo has been on the phone to Emperor Eleven to ask if China will hold off invading until 2035.
Is gold the new haven? The mystery behind the price surge
This week’s Investment Matters will shed light on the surge in the price of gold and gold stocks in the past few months.
We hold gold stocks in our clients’ sub-portfolios for several reasons. It is therefore useful to understand why increases in the gold price warrant special attention.
The task for First Samuel is to profit from such price increases.
In discussing this, I have split this week’s Investment Matters into two lengthy sections. I urge you not to skip straight to the second section (on how we profit from gold prices increases).