Forget the BRICs, It´s the Age of the ABCs
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Wall Street firm Goldman Sachs made the term “BRICs” famous in a 2003 research report.
It’s an acronym for the emerging economies of Brazil, Russia, India, and China. Goldman rightly believes these populous nations will be far more prosperous and powerful in 2050 than they are today.
A long-term commodity bull might say, “Forget the BRICs… Give me the ABCs.”
The ABCs in this case are the ultimate destinations for resource investors… Australia, Brazil, and Canada. Each is blessed with awesome energy, metals, and agricultural wealth… and each ABC currency is soaring right now. Our chart of the week is the “A” currency of the group, the Aussie dollar.
Due to the soaring prices of coal, gold, copper, uranium, oil, iron ore, and natural gas, the Aussie dollar has climbed 50% since 2002. This is a huge move for the currency of a stable nation… and another sign the age of the ABCs is here.
Source: Forget the BRICs, It´s the Age of the ABCs
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Tags: , Abc, Agricultural Wealth, aussie dollar, Australia, Brazil, Bric, canad, china, coal, Commodity, copper, Emerging Markets, energy, Goldman Sachs, India, International, iron, Metals, natural gas, Russia, Uranium, Wall Street, XADAbout the Author
Brian Hunt is managing editor of Daily Wealth.
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