Mike Philbrick
iShares Gold Bullion ETF
CGL-T
PAST TOP PICK
Jun 01, 2020
(A Top Pick Jun 25/19, Up 21%) He got it in Canadian $ on purpose. He wanted the US dollar exposure with the gold exposure to act as a diversifier. It has done exceptionally well due to inflation and slowing growth. It is outperforming the NAZDAQ.
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.