Gold Miners’ Profitability to Increase Dramatically Explains Financial Historian Bob Hoye
Bob Hoye of ChartsandMarkets.com is a trained geologist, successful resource investor and economic historian. In this interview, Bob shares why historical precedent suggests gold miners will become dramatically more profitable over the upcoming years. He points out that the Gold/CRB index clearly shows that the input costs for miners are decreasing relative to the gold price. Thus, even if there is not a nominal rise in the gold price, the miners will see a substantial increase in profitability. Bob believes we are beginning to see a gold stock bull market similar to what occurred after the September 1929 deflationary crash in stocks and bonds.
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