/biz/ - Business & Finance

>>55460327
>People tend to forget this when they talk about how much miners have underperformed gold price, you have to adjust for inflation. Gold price is pretty good right now, but even though we are near ATH in nominal terms, we are still far from it in real dollars. Still lots of miners making little to no money here.

Yeh, GDX was $34 at Christmas 2008. When the global financial system was melting down. That would be $49.52 today, using the government numbers.

So in reality, gold miners are down at least 50% in real terms, versus the depths of the second worst crisis since the Great Depression. I'm not aware of a worst performing sector.