21.03.2013 - Why copper is more interesting than gold - Berlenbach
I am fascinated by where the copper market is going. It's more interesting than gold right now. Also, if the copper market is tight, then we will really have problems as countries like China or India continue to develop. Copper is necessary to building a modern society. It goes into all kinds of infrastructure and is needed in cars, electrical appliances and houses. And there are very few substitutes for it. We are at a critical point, because it takes at least 10 years to develop a big copper mine from the first bore hole to production. Some smaller companies are curtailing their expenditures and cutting their exposure on building new mines. We will not be able to build that if investors remain so risk averse...............................................Full Article: Source
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