In general I prefer to invest outside of the ASX300 for the reasons you outline. Part of the reason behind grabbing a selection of the larger producers is simply capital preservation, still sitting on mostly cash as I feel the real market pain on the back of Covid is still yet to arrive. Holding larger gold stocks is attempting to offset the devaluation of cash regardless of the currency it is held in. The other reason is I can invest my super directly in ASX300 companies, which on balance I think are old bulls waiting to be put out to pasture, so a selection of gold stocks seems decent enough in the current climate.
I am a chuffed holder of BC8, CHN and SLV from a few months ago.
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