If you want to protect your wealth, buy gold, not miners

Buying junior gold miners is fraught with risk, says Dominic Frisby. Sure - get it right and you can make a lot of money, but plenty can go wrong. It's fine to speculate if you can take the risks – but if you want real protection from global financial upheaval, you should stick to the metal itself.

Last April, I wrote about Jinshan Gold (CA:JIN), a Canadian gold miner operating in China. A number of you have asked for an update on the company.

You may remember that China's largest state-owned gold miner, China Gold, had just bought a 42% stake in Jinshan from Ivanhoe Mines. Jinshan suddenly had access to a lot of capital, it was set to make some serious acquisitions and rapidly become a major player in Asian gold mining.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.