Gold has massively underperformed relative to the S&P 500 and the Russell 2000. Maybe the price will go down some from here, but individual investorsought to own some gold. Insider buying is also high in gold shares.
About 20% of my net worth is in gold. I don't even value it in my portfolio.
I am a director of Sprott. Eric Sprott, the founder, is a smart guy who made a lot of money for himself, his funds, and charities. He sold a lot of his company's shares because he sees better value in small mining companies. If the gold price goes up 30%, Sprott's shares might double, but mining stocks could go up four times. We are already starting to see a move up in the stocks.
