Rick Rule
Exchange Traded Precious Metals Proxies - PHLX GOLD/SI
XAU-Q
TOP PICK
Mar 07, 2016
Physical gold/silver. It is easier to buy with a mouse than physically. The ETFs are taxed at the normal rate, whereas the physical metal is traded at a higher rate.
(Top Pick Mar 7/16, Up 23.22%)Mining equities have outperformed gold in the last year. They were way oversold. He thinks all surprises will be to the upside for at least two years.
She does not own gold stocks at this point. Having a position in the portfolio is a good idea. They are watching FNV-T, because they take their royalty right off the top, reducing some risk.
The question is, where do you think the USD is going. He believes there is a bottoming of commodities with a rotation into value stocks. Material stocks are in favour. He believes USD will be weaker and will benefit gold.
With all the deficit and easing, he was bullish on gold even before the US-Iran news because of quantitative easing and how globally, countries are starting to ask what it does to the intrinsic value of money.
Physical gold/silver. It is easier to buy with a mouse than physically. The ETFs are taxed at the normal rate, whereas the physical metal is traded at a higher rate.