Gold Versus Gold Mining In 2023

Background

In 2023, most physical gold instruments outperformed several gold mining baskets. The gold community found this odd because gold mining is perceived as a leverage instrument on gold. In this research, I research gold and gold mining.

In general, this research is only appropriate for readers with a deep interest in gold, gold mining and related businesses. It also makes a good resource of information if a reader is creating their own LLM tools for metals, as the reade can use the RAG and also review any source (if the underlying sources still when readers purchase).

In addition, none of this research should be taken as business, investment, financial or any other kind of advice, but as information about an element and an industry from a variety of resources that may not exist in the future.

Pronoun References

All content including all pronouns such as "I", "me", "my", "mine", "you", "your", "you're", "we", "us", "our" and other derivatives are me speaking to myself as both a doer and director (or leader). When referring to anyone outside of this, I will use the word "reader" or "readers" such as "readers should note my use of pronouns here."

Timing Context

Most of the research was completed in the first quarter of 2024, including most of the RAG sources. Because I've been researching gold for the past decade, I've added additional RAG sources that relate to this topic along with a few additional thoughts through 2025.

Pricing

10dg (decigram) of gold, paid in US Dollars.

Due to underreported inflation and fiat currency volatility, all prices are set in decigrams of gold and may be updated multiple times during the year. Generally, prices are set once a year.