"Gold miners have been making a killing after a lull, and they're well-positioned to keep doing so. Profits are rising sharply across the industry, and they're using this to explore for even more gold."
"GDX has surged 89% over the past year, and it'll likely surge even more if this gold rally continues. I don't see a significant fall in gold prices in this environment, so GDX looks solid."
"IAUM does the same job for just 0.07% a year, or $7 per $10,000. Each dollar you pay less in expenses will go towards gold and compound year after year."
"IAUM beats GLD on every return metric, consistently, every single year. That's not a trivial amount whatsoever if you're going to hold for the long run."
The gold market is currently experiencing a pause, presenting an opportunity to rebalance portfolios. GLD is popular but not the best long-term option. Gold miners, represented by GDX, have seen significant profit increases as gold prices rise while labor costs remain stable. GDX has surged 89% in the past year. IAUM offers a lower expense ratio than GLD, making it a more cost-effective choice for tracking gold prices. IAUM consistently outperforms GLD in returns, making it a better option for long-term investors.
Read at 24/7 Wall St.
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