Quote:
|
Originally Posted by FlyingIguana
the better bet is to buy companies with good reserves along with smaller mining stocks that could be potential takeover targets. pick the right stocks and you'll make a lot more
|
Not true.
At least recent history shows that you are better off owning gold itself than the index of gold stocks like the XGD on the TSX. Of course there are lots of penny...stocks that are the exception but gold itself has been a better bet over the last year I believe. Many companies production is hedged at lower prices, have stupid management, have regulatory or environmental or labour...troubles.