im a gold /silver bull, if BHP management were truly looking into the future WITHOUT rose colored glasses they would see the future is very bleak, interest rates on the rise, world drowning in debt, growth slowing in china and EU, STAGFLATION will happen like i said slowing economy but higher prices for consumers, is that a world that needs more iron ore and coal and copper and things for GROWTH? NO, the next 10-20 will be about GOLD and silver, does BHP have any? many a tiny bit of silver is produced as a by product from its copper operations, if BHP management were smart they would be buying out every big gold miner they could they get their hands on, and even buying out the mid tier gold miners like NST and EVN, GOR, BGL, RRL, etc.... yet they are still only focusing on the metals needed for a fast growing world economy, which wont be happening, yes the world will need IO and coal and copper but if we enter a great depression, its not something id want all my eggs in.
BHP is supposed to be a diversified miner, i dont see this at all, how are they diversified? all they produce is only metals needed for a growing world economy, what happens when the global economy goes BUST? what will they rely on?
if they bought out gold miners they would make a killing when gold gets to US$10,000 in the next 10-15 years.
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