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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Australia: Wealth fund would preserve golden era

Posted on 08 September 2011

A sovereign wealth fund is a no-brainer. Like the family that saves to ensure its economic future, a national pool of savings would underwrite Australia’s future.
Otherwise, we will all wake up one day, the boom will be over and the price of some commodities will be so low they will cost money to stockpile. End of golden era. Full stop. Where did the money go? Oh, that’s right, was it Bob Brown who was saying 83 per cent of our mining was foreign-owned?………………………………………Full Article: Source


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