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.
Best-selling author Jim Rickards joins Kitco News to discuss his latest book, The New Case for Gold which looks at the role of the metal in today’s monetary system.
Rickards makes the case for the metal and comes to its defense against well-known critics such as Warren Buffet often referring to gold as a relic.
The author also discusses his discovery in the Federal Reserve’s balance sheet, revealing massive amounts of gold at Fort Knox and West Point worth $300 billion.
