Sorry, left out that they are charts showing the appreciation of an initial $10,000 investment.
In your Zeal article post he writes that mines will save their best ore grades for leaner times. I’ve read where in times with the prospect of much higher gold prices mines will save their best ores for much greater profit at higher POG.
My wife works for Oppenheimerfunds so I didn’t have a choice for a gold mutual fund since their 401k’s only have available their own mutual funds for purchase. Their gold fund, OPGSX, has done very well. We don’t have pay an upfront 5.7% sales fee. Here’s a performance chart for USERX, BGEIX, and OPGSX. Just for your information.
http://stockcharts.com/charts/performance/perf.html?userx,bgeix,opgsx
I figure if you know Zeal you also know Jim Sinclair. The best to you and your investing. Things sure are looking good now for gold.
YTD on these are terrible. In negative territory