Golden opportunities lie outside Australia

Golden opportunities lie outside Australia

“Consolidation in the Australian resources sector is creating a serious shortage of investment opportunities, and some fund managers say it leaves them with no choice but to build portfolios dominated by offshore companies to gain exposure to commodities such as gold.

“There is a real shortage of opportunity in this country and that is the problem with consolidation. That is the problem with the resources across the board in Australia, which is why we look globally,” said Caledonia investment manager Chris Baker, adding that his view is despite recent falls in the spot gold price, which may make it more attractive to some investors.”  Read More

Bianca Hartge-Hazelman

http://www.smh.com.au/business/markets/golden-opportunities-lie-outside-australia-20140423-3735r.html

Gold Shortage

 

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