I realize you are not a fan of them. It's a terrible industry. As a group, they mine insane amounts of physical gold every year. They just don't make any money. FNV would be an interesting way to be involved, but it just trades at such nosebleed levels that if anything, I would just buy the gold itself as well. However, if I had piles of gold bought at $1200-1300/oz, I would definitely be rebalancing if it was applicable and made me overweight. I also wouldn't be selling the house to buy piles of gold either. I don't hold any gold myself aside from incidental exposure through the TSX.I have my complaints about mining companies too. I posted a bit of a rant in this other post.
Generally, I don't trust public mining companies and I don't trust their executives. I also don't trust Eric Sprott, who has invested heavily in various miners and served on some of their boards. This is not a statement on Mr. Sprott's credentials and lengthy work history. He has an impressive career and is generally well respected. Personally -- just ME -- I don't trust him or his firm.