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The Resource Super Profits tax
Like many contemporary political issues, everyone has a very strong opinion regarding the proposed Resource Profits Super Tax (RPST). But as it was with the proposed emissions trading scheme (ETS), very few of us have a comprehensive understanding of how exactly it works. Fewer still are able to appraise the [...]

Anglo-Australian mining giant Rio Tinto said Thursday it had secured its first-ever iron ore sale to India, a “ground-breaking” development it described as significant for its future.
Iron ore chief Sam Walsh said Rio had sold a 160,000 metric-ton shipment to Indian steelmaker Essar for delivery later this month.
“To me, this is a ground-breaking sale and [...]

Gold has hogged the spotlight for so long, that everyone seems to have forgotten how exciting uranium can be too.
Right now across the globe, there are nearly 350 nuclear plants that are either proposed, planned or already in construction. Let me put that in perspective for you…
The number of nuclear plants is set to increase [...]

 
The two important columns are the “Total assistance” and “Average cost of living impact.”
The “Total assistance” column details the increased benefits paid by the government to individuals to help cope with the increased costs of an ETS. In reality what this also equates to is the extra cost to the taxpayer – you.
And the “Average [...]

That’s compared to paper or electronic money which isn’t rare, it is ‘perishable’ in that it can be erased by the click of a button, but it’s just as easy to produce more of it, also by the click of a button.
The one thing paper money has in common with gold is that it’s relatively [...]

In parallel with the stock markets, the commodities rally has reached its peak as the CRB Index posted a recent high at 269.18 points during the first fortnight of August. Actually the commodities benchmark has already retraced slightly as its current price is 249.63. That’s 7.3% lower than the high of August.
On the weekly chart, [...]