
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.
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.