April 15, 2021
While the U.S. dollar might not like the prospect of rising inflation, gold miner investors are eyeing opportunities should consumer prices rise. One such fund is the
GDX seeks to replicate as closely as possible the price and yield performance of the NYSE® Arca Gold Miners Index®. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver.
GDX gives investors:
The Nation’s First Gold Miners ETF: An industry driven by demand across regions and segments of the market.
A Pure Play with Global Scope: Companies must derive at least 50% of total revenues from gold mining and related activities to be added to the Index.
“My vote would be for gold because it has thousands of years of a historical record as a store of value, has one-fifth the volatility of bitcoin, and doesn’t face the same competition risk,” said David Rosenberg of Rosenberg Research, former Chief Economist and Strategist for Merrill Lynch Canada and Merrill Lynch in New York. “The day that Queen Elizabeth trades in the five pounds of gold in her crown for crypto is the day I’ll shift course.”
GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Gold Miners Index®. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver.
January 29, 2021
A double dose of gold and Russia are the ETF themes that have been seeing heavy average daily volume in VanEck’s suite of ETFs. Check out the three ETFs below.
VanEck Vectors Gold Miners ETF (GDX): GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Gold Miners Index®. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund offers:
The Nation’s First Gold Miners ETF: An industry driven by demand across regions and segments of the market
Gold prices are still up about 19% within the past year, but have stumbled in 2021. As Treasury yields start to move higher, keep an eye on a pair of ETFs.