Adrian Day admits that picking winners in the gold sector is not easy. A lot of people do not understand the inherent complexities in this industry such as high capital costs, low odds of success in exploration, and fixed assets that can be taxed or confiscated. When you look at the gold market not only is gold cheap but gold stocks are cheap even in comparison to gold. This, the gold guru argues, is the most significant opportunity in thirty years to buy gold stocks.
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