"Why did these people invest in gold shares in the first place?"
Look at NCM: the only reason that you'd invest in these puppies for the last few years (during the gold bull) would be either for a quick buck; ie, get in and out, or if you were happy to not make any money and just hold the shares and feel like being part of team gold.
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"Why did these people invest in gold shares in the first place?"...
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