Gold mining ETFs are not worth anything

17 במרץ 2020

Weekly target of $23, long term target ETF delisted.

Gold mining companies derive their value from the gold they produce. Their value will never increase in a greater percentage vs. actual gold because paper traded gold does not have the same built in overhead costs that companies have.

Owning gold mining stocks, ETFs, baskets, etc. have no relation to the reason for owning physical gold and I don't see how mining companies would be immune to the global sell-off.

17 במרץ 2020

הערה

Already started a move down, but the price of gold may pull it afloat for a little while. I really believe this ETF has no real value.