GOAU

Least_Sandwich_298

I do GOAU ETF it’s been good to me. Had it a couple of years now

teflfornoobs

I asked chatgpt It said GLD and IAU for gold exposure I went with IAU because if retail enters gold, it'll keep going with lower expense ratio and looks "cheaper" (and it moves the same, pretty much) Then mining, GDX, GDXj, GOAU, SGDM I went with GDX, because it's less volatile but SGDM did the best out of them Physical gold? I do want to bar an ounce or two but the fees for selling and buying are 3-5% both ways. Likely will make more on the ETFs

LegitimateRain6715

If you are not familiar with the sector, I would recommend just buying an ETF like GDX (majors) GDXJ (juniors/intermediates), GOAU (higher performers) , SIL (silver miners) or SILJ (junior silver). There is a very steep learning curve to buying individual companies. You really need to buy a bunch of them. Not only that, often your largest winners and largest losers both are often surprises. I find a new way to lose money every year and I've been in the sector for 27 years. Last year, I lost some money due to a political coup in Niger, for example.

fidicentral

Check out the GOAU etf. up 20% YTD and provides excellent exposure to gold

happybonobo1

SGDM is better researched as they have cleaned out some of the rotten eggs from GDX by being Sprotts own index. THat said; they have historically performed practically the same. I hold SGDM and also SGDJ being their small cap gold miners which is very different (much small caps) than GDXJ. For the "safer" option I like GOAU as it is very streamer/royalty focused.

DistrictPsychedelic

There will be a lot of disagreement from a lot of people on this, but my personal opinion- I am buying gold and silver. There are a lot of reasons to be buying physical metal right now, the regulations regarding banking and gold value change June 28 and there is a lot of upward momentum expected. Google "Basel III Gold Prices". The US mint just announced it can not meet sales demand due to a silver shortage, but the market hasnt moved, because there is no shortage of paper silver. The banks have been selling paper with abandon for decades, because nobody ever takes delivery of metals, they store it with the bank. That is changing in dramatic ways, and silver has a ton of industrial use in electric products and need for physical silver on an industrial scale is on a massive uptrend. There are lots of places in the precious metals sector to put money. I own $OUNZ, $PSLV $PHYS $SIVR and $SGOL which are all physical gold trusts, they just have a shit load of metal. My new play, however are the royalty companies- The cheapest gold is in the ground, but gold miners have operating costs and labor issues and law suits and rising costs, etc. A miner can have a huge year finding gold and make no money. The royalty companies provide money up front for a cut of the gold forever. The miner can make or lose money, doesnt matter, the royalty company gets 2% of the gold mined. The larger royalty companies own a cut of like 50 or 60 properties, and the shares of the bigger ones pay a dividend, with the idea that as the portfolio grows, so will the dividend. Right now I own $OR but will buy more when liquidity allows. There is also an ETF for the royalty companies $GOAU. If you want actual physical metal I like Kinesis. not advice do your own research biased opinion

ChudBuntsman

WallSt for MainSt has done multiple shows about how they lie about their AISC. First off I doubt Buffett himself had anything to do with Barrick. Second, BRK sold off their position unless Im mistaken Third, as I said analysing a mining company is not like any other business. The more ounces they sell today, the less ounces they have available for the future. Barrick bet on gold prices remaining relatively low, so they didnt acquire many new projects from developers when the juniors were cheap in 2019. Now? Those juniors have gone up 3x and can finance on their own. If Barrick or whoever wants to buy anything they will find that their bargaining power is diminished. Their jurisdictions are poor, they ran into some trouble with New Gunea recently. Agnico only has permitted operations in North America and that itself commands a certain premium. If you want to roll dice with jurisdictions, then do it with a junior IMO and capture some leverage. As I said, Barrick has a history of hedging their future production. You might think, okay their AISC is 1200 so with gold at 1800 they make 600/oz....if gold goes to 2400 you may think "okay their profits have now doubled"....but they wont because they hedged at 1850 or less. I just made those numbers up by the way, I havent looked at what they actually are recently. I have other positions that Im happy with. If you like dividends, Newmont made a policy of pegging their payout to the gold price recently FWIW. If you look at Barricks chart, they basically match the GDX tick for tick. You are only going to capture the sector's beta...which is fine I guess. But if thats what I wanted to do I'd just get GOAU or SGDJ or something and call it a day. And just for disclosure I dont have positions in any of the stocks I mentioned except for Sandstorm. My mining exposure is mostly in the silver miners and a few gold and uranium juniors