“So ultimately, as you alluded to earlier, the generalist (mainstream fund manager) is going to say, ‘What can I do for my clients, what’s working?’ The bottom line is that gold and gold shares are part of the answer.
I think the gold shares are a huge opportunity for people who are sitting on the sidelines. Basically the markets are down whatever they are year to date and if you were in bank stocks or technology stocks or retail stocks your clients are saying, ‘What have you done for me lately?’ So if you’re the fund manager, you’ve got to be scratching your head and asking, ‘What can I do?’
The gold stocks are an answer and maybe one of the few answers for that portfolio manager. So what we’ve seen over the last seven months is gold rising by something like 30% and during that time the XAU is down about 3% or 4%. The gold stocks represent extraordinary value and extraordinary opportunity right now.”