Gold Shares Cheaper than Bullion, say Experts

Gold had a solid year in 2017, despite other asset classes stealing the headlines. Experts believe gold mining shares are undervalued compared with physical gold

David Brenchley 15 January, 2018 | 11:27AM

Gold bullion prices performed well in 2017, but gold miners offer value

Gold took a backseat in 2017, as risk assets like equities soared and bitcoin emerged. But gold has been quietly doing its job for investors in recent years - as an insurance measure for portfolios.

The price of the bullion appreciated 13% in 2017 to trade above $1,300. It’s up more than 25% from its latest trough at the back-end of 2015, but has traded as high as $1,900 in recent years.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barrick Gold Corp27.81 CAD0.00
BlackRock Gold and General D Acc1,494.79 GBP3.59
Centamin PLC113.95 GBP0.00
Franco-Nevada Corp171.52 CAD0.00
Fresnillo PLC925.80 GBP0.00
iShares Gold Producers ETF USD Acc15.77 USD0.04
L&G Gold Mining ETF36.91 USD0.27
LF Ruffer Gold C Acc282.82 GBP1.83
Newmont Corp65.41 USD0.00
Ninety One Global Gold I Acc £205.03 GBP3.82
Smith & Williamson Global Gold & Res B76.18 GBP3.70
VanEck Vectors™ Gold Miners ETF38.50 USD0.46
VanEck Vectors™ Junior Gold Miners ETF43.10 USD0.37

About Author

David Brenchley

David Brenchley  is a Reporter for

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