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.
Financial Times blog, FT Alphaville, has an interesting post by Izabella Kaminska, trying to demystify gold worshipers. Some of her comments:
“Goldbugs don’t just believe in the fundamentals of gold. They worship at the altar of gold.”
“The goldbug view represents a market philosophy, a doctrine and a belief-system.”
“Question it and you incite anger, rage, ridicule. For ‘non-believers’ this can be frustrating.”
She also lists the “10 commandments” observed by these gold believers.
You can read her entire post here.
