U gotta think that the chance of dividends along with potential capital gains, is largest in the PM stox…as basically all the CB’s can do now is print and throw money around..they can’t cut rates, they can’t even cut their own costs, without throwing huge numbers of bureaucrats onto t6he jobless register..etc.
Apart from the above the PM stox are still only a few percent above the Lows….but then we have the scum of course..who will fight it all 24/7.