Larry Berman CFA, CMT, CTA
iShares Gold Bullion ETF
CGL-T
COMMENT
May 25, 2015
Gold. CGL-T is a way to hold gold bullion, but hedge the Canadian dollar. The mining sector is dirt cheap. Below $1175 be wants to own it and will sell by $1225. If inflation starts to kick in, then gold will shine again but you don’t play for that today.
Own it as gold bullion. It helps diversify the portfolio. Bullion helps protect against both inflation and deflation and is more resilient in a low growth environment.
Gold. CGL-T is a way to hold gold bullion, but hedge the Canadian dollar. The mining sector is dirt cheap. Below $1175 be wants to own it and will sell by $1225. If inflation starts to kick in, then gold will shine again but you don’t play for that today.