Profit from gold miners without investing in a mine

Gold miners can be a good play on the gold price. But they are risky. Here, Phil Oakley tips an alternative way of investing in the gold mining sector that could make you serious money.

What do you think the price of gold will be in a year's time?

I've no idea. Your guess will probably be at least as good as mine.

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Royal Gold$86.8$5.6bn46.345.09%
Franco Nevada$59.6$8.7bn48.837.56%
Sandstorm Gold$13.75$1.2bn47.468.92%

Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.