
TSE:XGD
This summary was created by AI, based on 7 opinions in the last 12 months.
The iShares S&P/TSX Global Gold Index ETF (XGD-T) has garnered mixed reviews from experts, reflecting varying perspectives on gold's future. Several analysts point to strong support for gold equities, citing favorable conditions such as high bullion prices and improving cash flows. However, there's caution about the volatility of gold and a prevailing trend toward base metals like copper and aluminum. Some experts emphasize the importance of diversification, recommending a global approach that balances exposure to both gold and other dividend-paying markets. While gold has performed well this year, concerns about overvaluation and a potential pullback suggest a cautious stance for investors.
(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.