
TSE:XGD
This summary was created by AI, based on 7 opinions in the last 12 months.
The reviews on the iShares S&P/TSX Global Gold Index ETF (XGD-T) showcase a mix of cautious optimism and skepticism among experts. While some believe that gold stocks are currently trading fairly and present a good opportunity for accumulation, others express concerns over high costs impacting margins and the cyclical nature of gold investments. There is a notable interest in gold as a diversifier in portfolios amid an uncertain interest rate environment. However, caution is advised as some experts highlight the volatile nature of gold equities and suggest a focus on other commodities like base metals or silver, which may offer better opportunities going forward. Overall, while many see potential upside with strong bullion prices, the recent overbought conditions in the gold market raise questions about sustainability.
(A Top Pick Oct 14/11. Down 13.68%.) Views this as insurance. Feels gold shares are undervalued relative to bullion. With this one, you stay in Canadian dollars so you don’t have to take any currency risks. Reasonably diversified and the top 10 names account for 70% of the basket. Starting to pay a modest yield.
Thinks gold stocks are incredibly cheap. Although it is down, he feels it is the kind of thing that can bounce back pretty fast.