Maybe I’m overthinking this, but gold miners never felt like the same thing as gold to me.
People talk about them like they’re just a gold play, but you’re still buying a company. Costs can rise, management can screw up, debt matters, politics matter.
So even if you’re right about gold, you can still be wrong on the stock.
Curious how people here think about that. Do you treat miners as gold exposure, or as a different bet entirely?