Quote:
quote:Originally posted by duncan macgregor
I dont know what some of you guys are worried about. Lets take this as a long term stick it under the bed investment, for the mum and dad investor. The world is now moving into a new era where china is destroying all your manufacturing companies with its cheap labour. Whats left?, other than agriculture,oil and mining, plus power companies, or ports to invest in. That is Newzealand in the free market world that you all think is a great idea. We are lucky that the chinese will become prosperous at our expence, then will be forced to pay extortinate prices for our farm produce.
There is not very many companies that have the potential for the long term investor like this one, so dont knock it.
I think the unemployed will all bugger off to Australia where they will be far better off which will leave PGW the gold nugget of the nz market. macdunk
Over the next 20 years China will also have issues of its own, namely inflation and currency appreciation - more the latter if not the former, which dovetails with MacDunk's view of China buying NZ produce, although the prices may not seem that high to the Chinese ...