Build a broader view of your gold exposure by combining physical bullion, gold funds, mining equities and leveraged gold positions. Each exposure type can be shown separately before the total is calculated.
Physical bullion is closely linked to gold itself. Mining stocks add company and operating risk. Leveraged instruments add financing and margin effects. Combining them can therefore be useful for a broad exposure view, but it should not be interpreted as identical risk.
For leveraged instruments, notional value can be much larger than capital committed. This calculator therefore presents exposure rather than pretending that every instrument's cash investment is directly equivalent to its gold sensitivity.
The economic value linked to gold across multiple holdings.
They can for broad gold-related exposure, but they add company-specific risk.
For exposure analysis, notional value can be informative.
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