$GDX (-0,84 %) Some positions you simply hold for a long time - and observe them quietly and patiently until they suddenly come back into the limelight.
The VanEck Gold Miners ETF (IE00BQQP9F84) is just such a case for me. For almost three years the ETF has been in my portfolio - and has gone through all the phases in that time: Euphoria, disillusionment, sideways drama.
But now? Things are finally moving again.
With the recent rise in the price of gold, the ETF has also risen significantly. Gold mining shares often react to the spot price with leverage. And that's exactly what makes it so interesting for me: when gold goes up, the mines usually go up twice as fast.
Why I still find it exciting:
- Broad diversification across top gold miners worldwide - including Newmont, Barrick, Agnico Eagle
- Leverage effect on the gold price - for me more attractive than direct gold
- Not a tactical flash in the pan, but a long-term "hedging component" with upside
- And currently: Strong momentum due to rising inflation concerns & geopolitical risks
Conclusion:
I've had this thing for a long time - and right now it feels right to keep holding. It may not be a smooth ride, but that's exactly why it's so exciting.
