“Why should you be looking at mining stocks when you have geopolitical risks, labor problems and rising-cost issues?” said Donald Selkin at National Securities Corp. in the Bloomberg story. “I would prefer owning gold and exchange traded funds as I do not have to worry about anything else beside prices.”
Some of the largest bullion-backed ETFs listed in the U.S. include SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL).
Market Vectors Gold Miners ETF
Full disclosure: Tom Lydon’s clients own GLD.
