Gold miners: do they improve your portfolio? [Members] 

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  Mogul

  1 AndyJ July 22, 2025, 12:58 pm

  Thanks @TA fascinating to see the contrast with pure play gold.
  If people are interested in wider mining / materials information and in fact the modern world generally I really recommend Ed Conways book Material World…
  https://uk.bookshop.org/p/books/material-world-a-substantial-story-of-our-past-and-future-ed-conway/7545098
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  Mogul

  2 Brod July 22, 2025, 2:15 pm

  Thanks for this TA.

  It’s a pass from me. I already hold 15% Physical Gold ETF in my SIPP and it looks like that does a better job.

  I’ve been snipping bits off when my Gold hits highs – nothing rules based, just when I feel I could redeploy into another defensive asset, like now, cos I know I’ll howl when gravity reasserts itself. Know thyself – I don’t like (too much) tracking error compared to a vanilla 60:40 so that’s why I ditched commodities. After all, everything should only ever go up, right?

  Btw, “gold is just an unproductive lump of rock that doesn’t generate cash flow”. My chemistry teacher would like a word.
• 

  Maven

  3 BBBobbins July 22, 2025, 3:47 pm

  Hmm getting plausibly convinced that I maybe should consider some diversification into this asset class. However is this a case where market timing does matter i.e. better buying in when gold is in a bear market to get the real volatility dampening?