Gold Investment: Top Metals, Top Stocks

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Among the world's best performing "stocks" of any kind are, of course, gold exchange traded funds, led by the SPDR Gold Trust ETF, which currently holds USD 20bn worth of physical gold bullion on behalf of investors, and would rate as the second biggest gold "stock" in the world, after Barrick.

Gold bullion ranks as the “best” underperforming metal, and listed gold stocks as the least underperforming of a battered global mining bunch.

Across the wreckage of the broader global resources sector, oil and oil sand stocks rank as the "best" underperformers; within the mining sector, listed gold stocks lead the field. All the numbers, of course, are blood sucked and negative, some deeply so. Where oil prices have fallen around 40% from mid-July peaks, the value of the average listed oil stock has retrenched by some 46%.

Dollar gold bullion prices are now 17% off peaks seen in March this year; the average Tier I gold stock has experience a price decline of around 54%. As shocking as these numbers may sound, the numbers at the bottom of the log are truly horrifying...

Among the world's best performing "stocks" of any kind are, of course, gold exchange traded funds, led by the SPDR Gold Trust ETF, which currently holds USD 20bn worth of physical gold bullion on behalf of investors, and would rate as the second biggest gold "stock" in the world, after Barrick...

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