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The Importance of Royalties in the Gold Market
In inflationary times, the prices of commodities go up. A lot of people say they want to own gold miners or oil drillers. But if you bought large cab gold miners index so that ETF is GDX, you're down over 55%. If you bought the largest publicly traded gold royalty company, you're up over 250%. So in a flat market, you're doing incredibly well in the royalty,. You're flat in the commodity and you're cut in half in the miners.