
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, represented by the symbol XGD-T, has garnered a mixed bag of perspectives from various experts. Some analysts are optimistic about gold's potential for upside, citing supportive bullion prices and strong cash flows, suggesting it could be a good time to start accumulating. Others express caution, indicating that gold may not be as compelling as base metals like copper and aluminum, especially as there is a worry about overheating within the gold commodity space. There’s acknowledgment of the volatility in gold equities, with a possible pullback on the horizon due to the current high interest level among investors. While some experts suggest limiting exposure to gold, others advocate for it as a defensive asset in diversified portfolios, emphasizing its role as a hedge against currency fluctuations.
He likes gold and he holds bullion. XGD is pricey, though. The underlying stocks here are Newmont, Barrick, Agnico Eagle or Kirkland Lake. You can own the stocks or pay a MER and own them all here.
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
Large-cap gold companies, so it skews to a smaller group. Gold trying to break through all-time highs, and the companies are participating alongside. Gold exposure is very good. Gold stocks combine beta of the gold plus the stock market. Precious metal provides more of a safe haven.
Pair it with a bit of gold exposure, so you have something else in your portfolio if there's a market calamity. Gold gives your portfolio diversification.