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Gold mining ETFs are fairly harmful to the industry, stated Kai Hoffman, CEO of Oreninc.
" You can buy it, you can quickly follow the gold price, you can make your 30% a year as well as I make certain you'll more than happy, yet it does not aid the underlying sector of the junior travelers because those ETFs do not buy private placements," Hoffman told Kitco Information on the sidelines of the Vancouver Source Investment Conference.
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Your ETF investment is hurting junior miners – Hoffmann
Gold mining ETFs are quite harmful to the industry, said Kai Hoffman, CEO of Oreninc.
“You can invest in it, you can easily follow the gold price, you can make your 30% a year and I’m sure you’ll be happy, but it doesn’t help the underlying industry of the junior explorers because those ETFs do not invest in private placements,” Hoffman told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
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