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.
Here’s a thing – Eurozone central banks have stopped selling and started buying gold so far in 2011.
Only by €6 million mind, and all of it in gold coin according to the European Central Bank’s weekly statements. But this net gold buying still stands, even ignoring Estonia’s 0.6 tonne purchase at New Year (its contribution, on joining the Euro, to the ECB’s reserve assets).
