Inflation Hedge: Australia

摘要

A FEW WEEKS AGO Rio Tinto sold its billionth metric ton of Western Aus tralian iron ore to the Chinese. That's quite a pile of rocks. Maybe you should get a piece of the action. Here's the case for investing in Aus tralia: Mineral resources are getting harder to come by. Their prices are going up. This continent has a lot of resources, especially iron, copper and coal. Some investment exposure there would do you good if inflation comes roaring back. A bullish case for commodities comes from Boston money man Jer emy Grantham, who has a knack for calling big turns in the market. In the near term, he says, commodity prices could take a sharp fall if the Chinese economy cools off. But over the next decade they are likely to creep up.