By definition, gold gets its value from being hard to extract... gold mining margins should over the cycle always be poor, otherwise it would not be hard to extract, and hence would not have value... an circular argument, but makes sense to me. Gold over gold miners, always.
By definition, gold gets its value from being hard to extract... gold mining margins should over the cycle always be poor, otherwise it would not be hard to extract, and hence would not have value... an circular argument, but makes sense to me. Gold over gold miners, always.
By definition, gold gets its value from being hard to extract... gold mining margins should over the cycle always be poor, otherwise it would not be hard to extract, and hence would not have value... an circular argument, but makes sense to me. Gold over gold miners, always.