{
 "ticker": "RGLD",
 "name": "Royal Gold",
 "url": "https://grantbishop.pages.dev/index/RGLD",
 "sells": "Royal Gold buys royalties and streams on gold, silver and copper mines, collecting a share of their output without running the mines.",
 "why": "We follow it because the House View watches gold, silver and other hard assets as part of its argument about government debt and inflation.",
 "questions": [
  {
   "slug": "hard-assets",
   "question": "Who holds the hard assets?",
   "url": "https://grantbishop.pages.dev/index/q/hard-assets"
  }
 ],
 "tests": [
  {
   "id": "W-1",
   "claim": "This inflation is coming from broken supply, not from too much money. While it lasts, owning the broad market is not the hedge our earlier views assumed.",
   "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-06",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/85535/000008553526000041/rgld-20260630.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-06 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
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  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 282.66,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 271.2,
   "high": 283.99,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 177.49,
   "low_date": "2025-11-10",
   "high": 306.25,
   "high_date": "2026-01-29",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 23897322365,
   "currency": "USD",
   "as_of": "2026-11-09",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 84544408,
    "as_of": "2026-10-28",
    "form": "10-Q",
    "filed": "2026-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/85535/000008553526000051/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 09:00:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}