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Commodities ‘great place to be’

Posted on 24 February 2014

The economy would benefit from a long-term rise in world commodity prices, driven by the rising middle classes of the world, Goldman Sachs president Gary Cohn said. “You are a commodity-rich nation which is becoming even more richer with all the LNG you are investing in,” said Mr Cohn, who is visiting Australia for the G20 meeting in Sydney.
“You have abundant supply of iron ore, coal and LNG. Not only is Australia a consumer of resources but you are a huge exporter, so you have this double leverage to the commodity cycle.”……………………………………….Full Article: Source


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