Odysseus is king of the box office nowadays — the tale of a man trying to make his way home after he and his friends won the Trojan War. Now, let’s talk about what Wall Street believes are gold “myths” that will come back to bite them...and how you can profit with the VanEck Junior Gold Miners ETF (GDXJ), writes Sean Brodrick, editor at Weiss Rating Daily.
Myth #1: Paper Currencies Are Eventually Worth Just Paper. Wall Street loves to chuckle about how gold bugs worry about this one. Meanwhile, in the time that it took Odysseus to sail home — 10 years — the value of the US dollar has dropped a whopping 39%!
(Editor’s Note: Sean is speaking at the 2026 MoneyShow/TradersEXPO Orlando, scheduled for Oct. 5-7. Click HERE to register.)
Myth #2: Sovereign Debt Limits Don’t Matter. For years, mainstream economic models asserted that sovereign nations printing their own fiat currency faced no absolute debt constraints. Wrong!
Right now, net interest outlays swallow 22.1% of all federal tax collections. By 2036 — again, the length of Odysseus’ voyage — the Congressional Budget Office forecasts that net interest is projected to double to $2.1 trillion. At that point, it will consume more than one-quarter of all federal revenue.
Myth #3: Gold Can Move Like a Coiled-Up Spring. Wall Street has long held that gold is just a shiny rock, and gold bugs were fools to think it could outperform stocks. But gold rose 208.3% between its major cyclical low of $1,818 per ounce in October 2023 and January 2026. The S&P 500 Index (^SPX) gained just 63% during that same period.
How can you play the next leg up? With GDXJ. The ETF holds a basket of miners and it’s a great way to profit. From the bottom in October 2023 to its recent peak, it gained more than 415%! Since its peak earlier this year, the GDXJ is down 37.6%.
That’s a decent-sized pullback that brings it right down to support. Meanwhile, the sentiment on Wall Street is that gold’s big bull run is done. I can’t wait to see the yellow metal prove them wrong on this one, too.
