So you don’t want to buy gold. You don’t know if its real. You don’t trust the bullion dealer. You don’t know where to store it. Blah blah blah (actually there are many ways to deal with this – buy the book).
What about buying gold miners?
GDX is the ETF of the senior gold miners ie. big time producers. Like more than 1 million ounces a year, more than 100 million ounces in reserves. They could be a reserve bank. In fact why not. See the chart below comparing GDX ETF to the gold price. What does the chart tell you? Gold price has soared and yet senior gold miners have been lagging. How long do you think that can last? Hmm