Opinions
Mike Philbrick
iShares Gold Bullion ETF
CGL-T
PAST TOP PICK
Jul 30, 2025
$25.455
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
Absolutely stick with this idea. Story for gold has actually gotten stronger. Central banks have been buying 1000 tons of gold a year for the last several years; up significantly since Russian invasion of Ukraine when US confiscated Russian assets. That event motivated many countries to look for a new reserve asset beyond treasury bills in US dollars.
Fragile geopolitical landscape lends itself to owning gold as a diversifier. Potential USD weakness is also a tailwind. Bullish trend for gold has lots of legs.
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