VanEck Gold Miners ETF A

ETF

ISIN: IE00BQQP9F84

Ticker: GDX

IE00BQQP9F84

GDX

Price

Discussion sur GDX

Postes

Marcus

@BullBear_Boutique

1Mo·

VanEck Gold Miners - my depot dinosaur with a new shine

$GDX (+2,35 %) 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.

1 Commentaire

Epi@Epi

1Mo

I also have a share of little brother $SPGP in my mylife pRV custody account (interim profits tax-free! 👌).

It is mainly the upward momentum in gold and the downward momentum in oil that is driving up the profits and prices of gold mining stocks.
But honestly, it's a trade-off given the ETF offering at mylife. If I could choose, I would have preferred a 2xGold ETC.
You have the leverage without all the risks of gold mining stocks: environmental policy, geopolitics, energy costs, shortage of skilled labor, scarcity of resources, etc.
They will fly out of my portfolio as soon as the momentum is gone. However, gold mining stocks are likely to outperform a little over the next few weeks and months.
Good luck!

•

Oscar F.

@freitag_oscar

3Mo·

What’s your opinion?

Hey! So I’m no expert in the economy field nor I want to be one… I’m just a 25 years old married man who wants to put his money to work while I’m working on my field (I’m an architect).

I know the basics and I try to make smart decisions based on what I have and the opinions of others and that’s why I’m here.

I would love to get your opinion on how do you see my wallet, what changes would you do to it and what could be realistic.

Currently I’m in $AAPL (-1,11 %) , $AMZN (-1,41 %) , $MSFT (-0,6 %) , $NVDA (-0,9 %) , $MC (+0,31 %) , $WMT (-0,77 %) and $IGLN (+1,89 %) and $GDX (+2,35 %) …