Gold miners have underperformed the major indices since 2011Historically, gold and gold related stocks dont do well until the money supply needs to be expanded. When the central bank decides they need more printing and more debt, they devalue the dollar and tax the holder of currency.
US debt and m2 is so large relative to the GDP, the central banks will need to relieve the bottleneck of money and increase money supply.
Book recommendation: Currency Wars by Jim Rickards.
