28.04.2011 - Australia: Our pot of gold for when the mines run dry
Norway's got one, so does Chile. For decades, the oil-rich Gulf states have also squirrelled away their export revenue into a public savings pool, known as a sovereign wealth fund. Now, there are growing calls for Australia to develop a fund of its own to make the most of the resources bonanza. Backing from the likes of Commonwealth Bank chief Ralph Norris and Liberal MP Malcolm Turnbull has increased pressure to save more of the boom..............................................Full Article: Source
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