“For 40-something years, since I first got into gold investing in the 1970s, people have been saying it doesn’t pay a return. Well, guess what? Not much else does these days, either. People are charging you to store money. GLD costs less at 40 basis points annually than holding Swiss francs.”
Gold, silver, and the miners are on a tear. People want to get out of paper assets. Central banks keep playing their games.