RE:RE:RE:News!Nope, Northforce is quite happy, he has a fair chunk of gold purchased last week against some stocks sold off due to virus concerns.
Obviously it has not done as well as GCM, but I think historically what happens in gold price runups is the miners do very well for a while then all kinds of problems start to materialize for them.
Like if the price goes up TOO much governments start to want more of the profits, or all of them, and start changing laws to such effect. Or inflation rockets upwards and operating costs shoot up, following the ascent of gold itself. Or countries become unstable and chaotic. Lots of potential problems, the risks multiply.
However I'm glad for all (well almost all...) the longs that have made money and are still riding this one up!
GLTA -)