This Popular Gold Investment Is a Snow Job

Folks looking to make a fortune in small gold stocks need to be careful: There's a right way to do it... and there are a lot of wrong ways to do it. One of the wrong ways to do it is by owning one of the world's most popular ETFs right now. The symbol is

. It goes by the name "Market Vectors Junior Mining Fund." And that name is a snow job. "Junior" miners are the bloodhounds of the mining world. They are tiny companies that scour the world looking for the next big gold or silver discovery. And when I say "tiny companies," I mean it. Junior miners are microscopic compared to the popular mining companies you might now. Many junior miners are around $30 million in market value. Compare this to mega-gold miner Barrick, with a market value of around $52 billion. That's more than 1,700 times the size of a $30 million company.

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