I saw this interview. Guy Adami or one of the other Fast Money guys asked him under what circumstances he could see gold dropping and he indicted he was totally bulish on the metal. Fine. But then they asked him how he hedges gold pries. He said he doesn't at all! He said "my investors want full exposure to gold and we give it to them".
Huh? I thought his investors wanted exposure to good earnings. If they just want gold, they can buy the metal. Really weird. If gold tanks and his stock price goes down 50% his investors will be pretty ticked. He's running a company, not a gold ETF. Thoughts?
Know what you own, some investors want to play gold thru an unhedged miner. Some miners are hedged to various degrees, If that is what you want do your homework and find one that fits your investment style. Good luck.