Buy All The Big Gold/Silver Miners With A Mouse Click

These ETFs will lead the coming bull market

The big precious metals miners lack both the relative safety of the best royalty companies and the upside of the best juniors and explorers. But when gold and silver finally enter a sustained bull market, they’ll definitely be worth owning.

A problem with a solution

The problem with the big miners is their complexity. A company like Newmont owns multiple mines in multiple countries, making it virtually impossible for a non-expert to analyze.

But there’s a quick solution: If you can’t differentiate between Newmont, Barrick, Agnico Eagle, and their peers, just treat them all like one thing and buy an ETF that owns them. There are several such ETFs, and they’re all reasonably cheap. The following chart compares the performance of GDX, the biggest large-cap gold miner ETF, with that of the S&P 500. Despite a nice little November pop, GDX has underperformed the overall stock market and is not that far from its 5-year low.

Once gold and silver really start moving, these ETFs will be the first place that generalist money goes, so they’ll lead the early part of the run. Combine this with the fact that they require basically zero analysis and can be bought with a mouse click, and there’s no reason not to add them to our portfolio. Here are three of the biggest ones: