Good piece @321gold.com written by Steve Saville.
Steve shows that over the very long-term, the large cap miners don’t outperform Gold. He asserts that this is likely because of costs associated with mine depletion. Steve also points out that you are likely to outperform Gold if you can select the right junior companies.
Interestingly, we are seeing this right now as the larger stocks were hurt by this correction and the juniors actually held up better.
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