
TSE:XGD
This summary was created by AI, based on 8 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 the gold market. While some experts highlight the resilience of gold equities and the potential for continued upside due to strong bullion prices and investor interest, others express caution, favoring base metals over gold investments. The prevailing sentiment is that while gold has performed exceptionally well, concerns over market saturation and volatility warrant a watchful approach. Several experts advocate for diversification and caution against overexposure to gold. The general advice leans towards strategic allocation and rebalancing based on risk management principles.
Gold is a fear-based trade. Big issue is currency. If US dollar isn't seen as the stalwart of the world, that's a good case for gold going up. Gold producers benefit from this. You could also buy GLD. He owns SLV. He'll be wrong if confidence is restored to the US, because then gold won't be a necessity to investors' safety mindset.
He has never been a gold bug, but they keep 3-5% exposure to it. He prefers to pick individual producers with good production growth profiles and strong balance sheets. The recent run to $1450 per ounce has been a good push and he is not sure if that is sustainable. He likes Newmont.