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Post by win1177 on May 11, 2021 17:51:17 GMT
Considering adding a gold miner as a small “hedge” for elevated stock values, as well as black swan events. Looked at several larger miners- GOLD (Barrick), NEM (Newmont), etc. would ideally like to get one and just set it on “reinvest dividends” in tax advantaged account. What miner is the “best” for a US investor? Or should I just go with an ETF like GLD, GDX, etc.? Thanks
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Post by yogibearbull on May 11, 2021 18:12:40 GMT
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Post by richardsok on May 12, 2021 0:32:31 GMT
Or -----
ASA is trading at a 14% discount to NAV and GNT for 10% discount, plus a decent 6% distribution.
I've been thumping the drum for gold & PM & commodities for some time now and own a fair sized chunk of ASA.
Also holding GLDI, SLVO, SLV, USOI, BGR, BCX, KNOP, and physical coins.
The inflationary trend of dollar destruction with commodity spikes and shortages is just starting.
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Post by win1177 on May 12, 2021 12:05:25 GMT
Yogi (or anyone else),
Between the various options, which would you hold? Expense ratios for GDX and GDXJ are both very similar, GDX has slightly higher yield but not by much. Thanks in advance!
Win
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Post by yogibearbull on May 12, 2021 12:37:54 GMT
I hold both GDX and GDXJ. But if you want to hold only one gold-miner, GDXJ would be better as it mixes both junior and major miners in spite of its name [it got just too big to be junior miners only].
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Post by johntaylor on May 28, 2021 16:53:45 GMT
My longest hold NEM
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