global gold miners (ring) in gold

sound money analysis & perspective

ishares msci global gold miners (ring) priced in gold. useful for a broader international miner basket than north-america-heavy gdx, exposing jurisdiction mix, royalty structures, and non-usd cost bases. this chart is unique for comparing global extraction equity to the ounce without dollar noise. if you need to know whether the worldwide mining complex is creating shareholder value in gold terms, ring-in-gold is the clean read; local-currency miner indices are not substitutes.