Gilchrist: Commodity Prices and Macro Interest Rates Are Fundamentally Unknowable
Brent Gilchrist · #49 Brent Gilchrist: Goal Mining · Jan 8, 2019 · at 50:23
Brent Gilchrist, mining executive at JDS Resources and former NHL player, explains why resource investors should not base mining development models on commodity price forecasts.
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“And there's not one person out there that I will ever believe when they tell me what the price of a commodity is going to do. It just, it's not knowable. And it's funny how the world is so fascinated by predicting and telling us, you know, we pay a lot of people, A lot of money to tell us where gold is going or where interest, and it's unknowable.”
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