The Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry.
Ned Goodman, president and CEO of Dundee Corp., spoke about the perils of quantitative easing at the Toronto Resource Investment Conference on Sept. 12. He made the following remarks, as recorded by The Northern Miner:
Ned Goodman: I have a lot to say and I will give you my biases, no problem there. I believe I’m a sensible man and as a sensible man I’ve been told by my mother, actually, that even though you don’t know the hour or the place of your demise, but you do know, that without a doubt, it’s going to come.
So as a sensible investor, I’m ready for the day that the United States Empire crumbles and that’s a hint as to where I’m going … I know that nothing lasts forever and the environment that we’re in could change, but we do not know anything other than nothing lasts forever and right now it looks like whatever is happening is speeding up, not slowing down. But I expect and hope to be here to watch it happen.
The slide that is on there [on the auditorium screen] is nothing more than to show you, that the fixed income market since 1962, which is when I started my career, has had some unbelievable long runs, we’re not talking of short-term things, we’re talking about long-term things.