On January 1st of 2021, an ounce of gold costs just under $1900. But now it's really not that different than that, an ounces of gold costs around sort of 1980 at the moment. If you bought gold in January 2021, you would have made a gain of just 3%. And Alice, why hasn't it gone up? So the reason that gold prices haven't done better is linked to the lack of yields on gold. Gold generates no cash flows, which means that its price tends to be inversely correlated with real interest rates.