Opinions
Terry Shaunessy
Sprott Physical Gold Trust
PHYS-N
TOP PICK
Jun 12, 2019
$10.650
Stock price when the opinion was issued
E.T.F.'s
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. In this current economic environment, 5i is comfortable with a 5%-10% gold position. Gold stocks will provide more upside potential, although bullion funds provide more insurance. Unlock Premium - Try 5i Free
E.T.F.'s
PAST TOP PICK
(A Top Pick Mar 25/20, Down 4%) It was a hedge against uncertainty and it performed exceedingly well. We saw central banks acted with extreme measures as well as extreme quickness. We saw printing of 20-30% of all the money that ever existed has been printed in the last 6 to 9 months. You should be thinking about these assets now and re-balancing. Rates are going to be held at zero for some time. We have a potentially slowing economy that could be shutting now. We have enormous debt and money printing. The vaccine could take 12 to 18 months to get fully deployed. Many Americans may not take it. You need to diversify to weather all of the storms. People should have at least some gold in their portfolio.
E.T.F.'s
BUY
If central banks continue to print money, bodes well for hard assets. Gold is trending higher again, a hedge against inflation. Jury is still out, as we don't have runaway inflation. He isn't saying there will be, but there is a risk. Fed is willing to let inflation run hot. Don't have all your money in gold, but a percentage in gold or the precious metals (miners) does make sense. Make sure any ETF you own is backed by hard gold, not paper gold.
E.T.F.'s
TOP PICK
Favourite gold ETF. In his portfolio, he's put equal measures of PHYS and TLT. Macro is everything and will drive rates of return going forward. We could see Russia, China, and India coming together, and it's not too big a jump to see them forming their own currency, and they'll do it on the back of gold. Gold will be the mechanism to eliminate surpluses and deficits within that currency. There's a time to be bullish on gold, and now's the time. Buy this with USD.
E.T.F.'s
TOP PICK
The second of two long volatility strategies, along with long bonds. If the Fed pivots, TLT will do well, but gold may not. But if we go from disinflation to hyper-inflation, gold will do spectacularly well, and the TLT may get beaten up. Don't look at the day-to-day moves, look for big exponential moves.
E.T.F.'s
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Prefers this to GLD-N. He expects gold will rise faster in the next 3-5 years than in the past. A lower CAD will help PHYS-N. He allocates 5% gold in a portfolio, and this could rise to 10.