To The Moon

$iShares MSCI Global Gold Miners ETF(RING)$ is up 2.5% on Wednesday trading and has risen 13.9% in the past 5 days in tandem with rising Spot Gold Prices.   In fact Spot Gold has hit a record high of USD 3317.9 per ounce on Wednesday due to the uncertainty surrounding Trump's tough tariffs and robust central bank buying.

Ring ETF enables me to gain access to companies that derive the majority of their revenues from Gold mining globally.

The Top 10 holdings include Newmont, Agnico Eagle Mines, Barrick Gold, Anglogold Asganti, Kinross Gold, Gold Fields and many more.    The weightage of the Top 10 holdings is 72%.  Total number of holdings is 37.

The expense ratio is 0.39%.  Dividends are paid every 6 months.  The current dividend yield is 1.05%.

$Newmont Mining(NEM)$  is the top holding at 17% weightage and is the world's largest Gold mining company.  Newmont also produces other metals like copper, silver, zinc and lead.  It operates mines in the US, Canada, Mexico, Australia and more.

Newmont's share price has been on a tear as it is up 11% in the past 5 days and 45% year todate. 

$Agnico Eagle Mines(AEM)$ is a major gold producer that engages in the exploration, development and production of gold and other precious metals in Canada, Australia, Finland and Mexico.

Agnico Eagle has also been rising and is up 14% this week and 49% year todate. 

$Barrick Gold Corp(GOLD)$  is a  leading Gold and Copper producer that owns and operates various gold and copper mines globally, selling gold bullion and concentrates to independent smelters.

Like its competitors, Barrick Gold has risen 8.7% this week and is up 29% year todate.

It is not surprising that RING ETF has also risen too.

$iShares MSCI Global Gold Miners ETF(RING)$ represents the picks and shovels of Gold.    Historically Gold has been viewed as a safe haven during times of uncertainty. 

Gold's rally in 2025 has been remarkable and many experts believe that there is still more room to grow.  Goldman Sachs has recently upgraded its year end gold price target to USD 3700 per ounce from its  earlier forecast of USD 3300 per ounce. 

With central banks accelerating their gold purchases, Goldman Sachs said that there is a possibility of Gold reaching as high as USD 4500 per ounce if market conditions deteriorate and investors flock to Gold as a shelter from broader financial instability.

RING ETF will certainly benefit from the rising Gold prices.  While Gold does not pay any dividends, RING ETF does.  Therefore RING ETF offers me the best of both worlds - Capital appreciation and Dividends.

@Daily_Discussion  @TigerStars  @Tiger_comments  @CaptainTiger  @TigerClub  @Tiger_SG