cto versus the xgd gold index ...

I notice CTO has a section on its web site titled "Gold is Money" at http://www.citigold.com/Gold_is_Money.asp

But are CTO investors "in the money?"

CTO also tells us that "Being a low cost gold producer can mean greater profits" at http://www.citigold.com/#

What "greater profits" have CTO investors shared in? You've first got to produce the gold and be cash flow positive before there is any chance of having "greater profits."

How relevant is all this for CTO shareholders? Every now and then I see a CTO post telling us that gold has risen. Well, how relevant has the rising gold price been to CTO investors over the last 4 years?

Over the last four years the XGD gold index has risen 60% while CTO has fallen 80%. To put this UGLY fact into true perspective the average gold stock in our XGD gold index has risen from 100 to 160 while CTO has fallen from 100 to 20.

Have a look at this chart. It tells us in graphic, ugly details the true story for CTO investors during the most recent four years of this gold bull market.
click here