Loading ...What you just posted, confirms that Gold Bullion has outperformed the shares. I guess physical bullion doesn’t get bought or sold so often, more of a buy and hold. Who the hell flips in and out on Bullion? Its too much trouble.
The “shares” are like highly leveraged futures contracts. They can go way way up, or way way down opposite the news, the US dollar, or the price changes with Spot Gold etc. And very easy to get in and out with a mouse click. So its more emotional.
P.S. I just took a look my chart that starts at the $1,096 gold low 1/1/2016. The HUI is showing a 120% gain, where as Spot Gold is showing a 60% gain. So holding on to the miners ETF did in fact out perform the Gold bullion. From the Bottom 5 years ago.
HUI WAS 220% higher in mid 2020. So it zig zagged down from 220% up down to 120% up today. We were FLYING the first half of 2016, then Trump eased everyone’s fears, and we DROPPED from mid’16 until Sept 2018. Then early 2020 the covid blasted us.
You need to have a long term chart back to the bottom, with overlay to see the overall picture or perspective.