, Columnist
Gold Miners Are a Trade, Not an Investment
If you must have exposure, try the exchange-traded fund.
Going way down.
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If you wanted to own gold in the bad old days, there were only a handful of choices: You could take physical delivery (but if you needed any size, you would incur costs for storage and security); you could buy futures contracts, but they also incur steep expenses; or you could buy the gold miners, with their “proven reserves.”
QuickTake The Rise and Fall of Gold