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<p>[QUOTE="vest007, post: 1994969, member: 72258"]Everyone is excited about mining because of the <i>mining boom</i> going on in countries like Australia. I just want everyone to stay cautious. It is just like the case of Rhodium. The price of Rhodium went from $1,000 / ounce to $10,000 / ounce in 2008. Everyone were running to invest in companies which produce Rhodium. Within 2-3 months, the price went down 10 times (to the former price). Lot of people lost money.</p><p><br /></p><p>Right now Iron Ore and Coal mining companies are shooting up. If you are very confident, then go ahead and invest.[/QUOTE]</p><p><br /></p>
[QUOTE="vest007, post: 1994969, member: 72258"]Everyone is excited about mining because of the [I]mining boom[/I] going on in countries like Australia. I just want everyone to stay cautious. It is just like the case of Rhodium. The price of Rhodium went from $1,000 / ounce to $10,000 / ounce in 2008. Everyone were running to invest in companies which produce Rhodium. Within 2-3 months, the price went down 10 times (to the former price). Lot of people lost money. Right now Iron Ore and Coal mining companies are shooting up. If you are very confident, then go ahead and invest.[/QUOTE]
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