AZY General Discussion, page-23

Gold is (sadly) not high on the priority list for many. The POG, when compared to inflation, has actually been going backwards for some time - So much for being a hedge against inflation!

And, this before the sharply increasing costs of mining & processing are taken into account.

With that said, even the highly profitable iron and coal miner's have struggled with bleeding MCs over the last couple of years.

In this environment, Its hard to see how any Gold startup will find the funds for significant startup costs and continued operation.

I invested in a few Gold spec companies thinking AU would take off over Covid and endless money printing - Oh how wrong I was

Gold has been the worst investment for me so far!