What was it like, Dad?
By GCRU Gold News on Tuesday, June 23 2015, 22:34 - Permalink
There were certainly some people who understood the cyclical nature of the metals market, and that we couldn't continue producing copper, gold, etc., at below the cost of production (Ross Beaty, Frank Holmes, and Rick Rule come to mind). But honestly, in 2000 few if any saw the China miracle, emerging markets’ boom, 9/11, Bush, Greenspan, the Iraq debacle, the Taliban, etc., coming. No, the sector was dead and there were few of us left with any optimism or belief.