Most here aren't gold investors they are gamblers trying to make their fortune by inferring that gold stocks are the same as investing in physical gold. Gold in the ground is subject to a lot of risk and vagaries that most self proclaimed gold bugs want to paper over with blizzards of rhetoric .
Gold miners fall over , companies like BDG which had gold in the ground but could get it out or NAV etc. Physical gold investors have 100% chance of having all the gold they started with when they need it. 90% of gold miners on the ASX will never return their shareholder investment, hardly as good as gold? . Gold mining investors might get a good return, their investment might crash (as per GFC1) or they might lose the lot, hardly as good as gold. Gold has been used as a currency since civilization began, gold share certificates have been rendered worthless many many times throughout history.
Gold mining investors are like oil investor or any other resource for that matter. It makes me wonder why they dont invest in say oil companies as well. How come just gold?
You will hear them bleet that they are the same as the real gold bugs, but they are just bleeting that they want to belong as well, when in reality they dont belong. They are pretend gold bugs, fools gold investors who underestimate the need to invest in physical gold.
