Larry Berman CFA, CMT, CTA
iShares Gold Bullion ETF
CGL-T
PARTIAL SELL
Oct 06, 2025
In an RRSP.
If you were to look at a chart for the sector over 40 years, you'd see that gold bullion's gone up but gold equities really haven't. Not great long-term investments. Ultimately, you want to trim profits.
His rule of thumb: Say your allocation to the sector for the long run is 5%, and now your position is 10%. Take half the $$ out and deploy it somewhere else. Now you're back at 5%. Keep doing that every time it doubles. You'll never get rich doing that, but it's all about risk management.
Own it as gold bullion. It helps diversify the portfolio. Bullion helps protect against both inflation and deflation and is more resilient in a low growth environment.
If you were to look at a chart for the sector over 40 years, you'd see that gold bullion's gone up but gold equities really haven't. Not great long-term investments. Ultimately, you want to trim profits.
His rule of thumb: Say your allocation to the sector for the long run is 5%, and now your position is 10%. Take half the $$ out and deploy it somewhere else. Now you're back at 5%. Keep doing that every time it doubles. You'll never get rich doing that, but it's all about risk management.