Share
All commodities including base metals and coal was treated as an inflation hedge in the stimulus and a quick buck.
Commodities and gold investment was more like a marketing circus as they competed for investor dollars.
It was like a pyramid scheme with speakers shouting about nothing and when you get up to leave they push you back in your chair.
The long term price of commodities and gold were overstated as a means to talk up
very low grade high cost mines.
The reason why you are seeing gold and commodities crash is due to the market adjusting back to long term prices. It's the same animal just a different color coat. The market has become flooded and now the market is deflationary you will see investors flee.
