Hap (Robert) Sneddon FCSI SPDR Gold ETF GLD-N PAST TOP PICK Sep 18, 2013

Good option for gold ETF.
High liquidity.
Good long term investment (5-10 years).
Not buying at the moment. 

Not excited about gold, to be honest. Needs to see a deflationary catalyst but rates keep rising. Would prefer to own the metal, not the miners. Won't sell it though.

If gold holds above $1,900, the previous high, then be long in gold. But if gold falls below $1,900 after the Fed hikes, be very cautious.

He sold half in May as yield began to rise, and sold the rest today as GLD broke below the 100-day moving average, last seen in fall 2022. You want to own at least some gold now with the deflationary effect (from March's regional bank crisis). He may step back into this for the long term.

It's a long-term investment. Many bought gold last March out of fear of a slowdown and weakening dollar. If you still believe that then hold and don't sell.

The original gold ETF. It tries to hold physical gold, which is a good hedge against currency devaluation, inflation spikes and general uncertainty. Gold is struggling now, but it's a good time to buy this during weakness.

Lower price point than similar products meant for retail investors. Recent pullback a good time to buy. Stronger US dollar tough on gold. Traditionally gold does well into the Chinese New Year.

He sold it. GLD is approaching its moving averages. He bought it because of deflationary pressure as the interest rate falls. Gold and GLD has underperformed.

Good and handy if you want to participate in the current gold rally.

The costs to get gold out of the ground are so high that he prefers holding this ETF and not a company.