I own Wheaton Precious Metals(WPM),Gabelli Gold fund (GOLDX) ,SGDLX formally Tocqueville Gold Fund ,now merged into SPROTT organization. and many smaller companies…..I would stick with the ROYALTIES …..The larger companies like Newmont and Barrack are less volatile stocks ,but the smaller companies may have the biggest % gains if you can stand the volatility…
I would not buy Vanguard Gold Fund..they were working against the interests of Gold owners .Theyre mostly in S&P stocks and have a Conflict of interest owning anything like Gold..It was disgraceful what they put in their Gold FUND ,It was designed to fail…