
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.
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.