Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
One of the most troubling questions to non-owners of gold is what gold’s value should be. They have watched the price climb in puzzlement. It just traded at $1,460. Last year at this time it was $1,140. In 2009, it was $880. Investors hear that gold is an inflation hedge. But that 65% increase over the past two years is over twenty times higher than actual inflation.
