I was a big fan of gold many years ago. I bought gold bars from Australian bullion back in 2001-3 when the price was around 550 AUD.
I also invested in gold stocks.
The former has done well for me, but the latter was a disaster. Too many dreamers and scammers chasing the mythical gold motherlode.
And then you have the existing small/mid mines that are running at losses. Almost all of them. And a look at the earnings of the majors makes me run a mile.
There certainly do seem to be risks of inflation breaking out now governments are increasingly overleveraged.
I am considering investing in a gold stock again.
I cant seem to find any value at current prices though. Seems most are pricing in a big move to the upside already?
