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Posted by
Two Blokes Jul 1 -
Filed in
Stock
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8 views
U.S. Global GO GOLD and Precious Metal Miners ETF holds 34 precious metals producers and streamers and trades at an expensive 36x earnings multiple. The high fees and turnover are a concern. The mining sector is capital-intensive and cyclical, and has delivered poor long-term returns over the decades. While GOAU is better than other gold mining ETFs when it comes to business quality, it's still a high-valuation basket of below-average businesses.
