Appt of Administrators, page-88

Forged

"Jim Rickards said gold mining stock is idiosyncrasy, because it involves many risky factors into it."

That's exactly what I've been saying too just like Jim Richards. Gold miners are mining companies just like oil companies etc. There is debt, sovereign risk (eg KCN probably going down too), mining cost, tax and royalties, mining exploration cost to replenish gold. Don't forget ore type eg sulphur level, recovery level etc.

If you want to invest in gold, you can buy gold bullion and store in gold safe. However, it is also very stupid because gold bars generate no dividends/interest returns but costing money to store and insurance.

Alternatively you can play gold future contracts, but that's very leveraged too.

Personally, gold companies should be treat like every other company. It does NOT hedge risk nor safe heaven. Watch out small gold companies with debt and printing shares to creditors to dump.

AGO (iron ore) is doing that too. Same as MBN (nickel), DML etc.

I read HC's advertisement on KBL too, with my critical analysis it went to junk email section.