Jim Rogers Blog: Things Can Stay Below The Cost Of Production For Years

 

 

 

“I’ve been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It costs money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it’s something like a mine which is expensive to close, and expensive to open.” – in Business Insider