barrick views copper a better investment , page-6

I don't follow any persons advice, most people make mistakes. Industry leaders usually get it right.

I give more credibility to barrick that have more experience than some market forecasters who are often wrong. I think barrick would be well informed before spending $7 billion on Equinox.
When a market leader like barrick changes direction it has impact on the sector. It sends a message to gold producers about barricks market sentiment for gold.

Ian Gordon seems to be taking RMS down a similar path.
RMS is mining gold and exploring for copper. The key to long term success is long term cashflow. Base metals can do that better than gold because gold is highly volatile.
It swings high when there is high inflation and crashes in every recession, including the 2008 recession.

Today looks like 2008, high inflation, high commodity prices, low wages, high cost housing, asset bubbles, high gold price. It would be hard to know what proportion of the gold price is a hedge and what is fundamental.
Therefore Barricks purchase implies they have a long term view copper will be more profitable than gold.