The Richest Man in the World is a Miner
What does the richest man in the world know that you don't?
Perhaps you saw the news a few months ago when the richest man in the world, Carlos Slim in Mexico, bought mining properties from AuRico in Mexico for $750 Million.
We find it interesting that other wealthy investors, George Soros (Soros Fund Management) and Moore Capital have sold much of their gold holdings while Carlos Slim is just entering this high risk - high reward business sector.
Carlos Slim has not become the richest man in the world by making stupid decisions.
He is a savvy business man and is not approaching the mining business from a short term perspective. He is not a trader and his long term views and confident in the mining business should not be overlooked by investors.
Following the lead of the richest man in the world cannot be a bad thing.
With gold hovering around $1576 an ounce and resource shares the most down and out investor sector, this seems to be a great time for investors to get started buying resource shares.
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