"You look at the gold bull this century and gold's rises over every calendar year have been so pathetic that the costs of mining gold have outstripped the nominal rises in gold. "
It's a CAGR of 12.7%!!!
and:
"I mean is it any wonder. gold is such a pathetic performer when gold only makes a seriously strong upwards move over an entire calendar year once or twice in every 40 years. That alone should be a warning to stay well clear imo. "