Has the Window Closed on Investing in Gold?

Now, some investors may look at gold's recent performance and worry they've missed the opportunity.

What would you say to those who are hesitant to enter the gold mining sector at current levels? >> I'd say in aggregate uh gold miners actually stack up quite favorably uh to the S&P 500.

Uh gold miners tend to have about an 86% greater profit margin, less leverage and less debt on the books. a dividend yield that's about 40% higher than the S&P 500 which is also going through a period where it seems to be setting records on a a very frequent basis and just the flows that or lack of flows rather that we see going into gold mining ETFs wouldn't indicate that the trade is overcrowded. uh we haven't really seen flows in any significant portion uh over even the last 18 months or so and and prior to last December um mining stocks were really trading at strong consolidation patterns.

What this did was it attracted deep value contrarian investors which really aren't your your mainstream investors and don't make up the majority of investors by any stretch of the imagination.

So, in our view, we're starting to see gold miners are starting to come back into vogue um as their balance sheets are improving with higher gold prices and they're really uh operating much differently than they were in the past bull