
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.
This or buy gold itself? He prefers this ETF over gold itself--but he doesn't like gold. XGD tracks the price of gold closely. GLD tracks the actual gold in the U.S., and he doesn't like it as much though you can write covered calls with this, though the market is illiquid.