InvestmentFranco-Nevada and the Royalty Model: Why Royalty Companies Beat Miners
Gold mining stocks underperform gold itself over most multi-decade windows. Royalty companies do the opposite. Here is the structural reason why.
May 10, 2026
EditorialBrowse Sections
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Investment
InvestmentPhysical Gold Taxes: US 28% Collectibles vs UK CGT-Exempt Britannias
The US treats physical gold as collectibles taxed at 28%. The UK exempts certain coins from capital gains entirely. The difference can swing returns by a quarter.
May 10, 2026
ETFs & FundsGLD vs IAU vs SGOL: Tracking Error and Why It Matters Long-Term
The big three gold ETFs all track spot, but tracking error compounds. Here is how 60 basis points becomes a serious drag over a 20-year hold.
May 10, 2026
InvestmentLBMA Good Delivery: The Standard That Defines Institutional Gold
LBMA Good Delivery bars are the institutional standard for gold trading. Here is what the standard actually requires and why it matters even for retail investors.
May 10, 2026
InvestmentAllocated vs Unallocated Gold: The Distinction That Saves Investors in a Crisis
Most "vault accounts" are unallocated, which means you are an unsecured creditor of a bank. Allocated storage costs more for a reason.
May 10, 2026
InvestmentHarry Browne's Permanent Portfolio: Why 25% Gold Made Sense in 1981
Harry Browne built a portfolio designed to survive any economic regime. Forty years later, the strategy still works, though the implementation has evolved.
May 10, 2026
InvestmentHow Much Gold? Backtesting 5%, 10%, and 20% Allocations Across 50 Years
The case for any specific gold allocation should rest on data, not feelings. Here is what 5%, 10%, and 20% gold portfolios actually delivered from 1972 to 2024.
May 10, 2026
InvestmentPAMP, Valcambi, Perth: A Practical Guide to Bullion Bar Brands
Not every gold bar is created equal. Brand reputation, refinery accreditation, and packaging all affect liquidity when it comes time to sell.
May 10, 2026
InvestmentGold Eagle Sizing: Why the One-Ounce Beats Fractionals on Almost Every Metric
Tenth-ounce Gold Eagles look approachable, but the premium math punishes small buyers. Here is how to think about size selection if your goal is bullion exposure.
May 9, 2026
PalladiumInside PALL: How the Aberdeen Physical Palladium ETF Actually Works
The PALL ETF holds physical palladium bars in JPMorgan vaults in London and Zurich. Here is how the structure works, what you actually own, and where it can break.
May 9, 2026