Are miners a better bet for gold allocation?

Gold has been one of the few assets that has risen during the pandemic, with investors flooding in as a defensive measure. Its price currently sits above $1900 an oz - and briefly surpassed the $2000 mark in August. Year-to-date, prices are up 25%, but can the gold rush continue? Alasdair McKinnon, manager of The Scottish Investment Trust, believes there is a strong investment case for the precious metal. His fund has its three largest holdings allocated to gold mining companies, which he says have an added benefit of dividend yield over holding physical gold.