Agnico Eagle Mines Ltd (Ontario) T.AEM

2023 Gold and inflation

[BUYSilverGold]

Well Gold was up 10% in 2023 that 10% helps little against street level real inflation vs the msm inflation data, NFG was down 16% in 2023 so why no inflation hedge?

ABX, AEM the same up 4% and 6.6% in 2023

I've watched far too many experts telling their viewers gold n silver are inflation hedge investments well the math doesn't add up

crazy times I guess the dance tune changed and I didn't notice as oil has been a better inflation hedge

[bogfit]

"Gold was up 10% in 2023 that 10% helps little against street level real inflation " Correct, however miner's leverage on earnings to spot (historically 3:1) is what makes PM investment a financial sucess. b.

[BUYSilverGold]

3:1 ratio hasn't worked in years and again the math never lies AEM up 6.5% in 2023 while gold popped 10%....during the old days AEM would be up 18% +++

[bogfit]

"3:1 ratio hasn't worked in years" I suspected as much due to recent inflation of labor and energy costs.  But the point is:  Is there leverage or not?  Are you saying that gold miners earnings have no leverage to POG?  The problem with real life examples is that there a many other factors that will affect earnings that are not related to movement of POG

[bogfit]

""3:1 ratio hasn't worked in years""   Uh, just had a thought that we may have trouble reconciling the data from the last three years as Covid made its own rules.   What we want is an understanding of what 2024 will bring for Chinese debt, a potential CRE depression, and how it all impacts the USD, b.