With a reputation for resilience in the face of adverse macroeconomic trends like rising inflation and political uncertainty, gold has had periods in which it dramatically outperformed other types of investment assets. Individual stocks in the gold industry let you tailor your exposure very precisely, with huge potential rewards if you pick a winning company but equally large risks if you choose poorly. Roughly two-thirds of the fund's assets are invested in stocks of companies located in North America, with most of the remainder split between the resource-rich nations of Australia and South Africa.