TSE:XGD

iShares S&P/TSX Global Gold Index ETF (XGD.TO)

58.58
-1.51 (2.51%)
as of Sep 14, 2026, 7:59:50 pm Market Open.
249 watching
0
Investor Insights
star iconSep 14, 2026, 12:00 am

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.

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Consensus
Cautious
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Valuation
Fair Value
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ZGD
DON'T BUY
Prefers to own gold rather than the miners. He owns XAU instead. Miners have management and mining risk. If you think US dollar's going to weaken, and an economic issue, you'll want to own the bullion itself.
WAIT
Gold broke $1360 today aggressively so it looks good. This is very bullish for gold and this will drag the producers. Give it a coupe of days to see if the breakout is real. But looks bullish.
COMMENT
Gold does well when interest rates go down, which has been happening. Gold has been out of favour since 2012. He expects now, though, to be another head-fake. Gold is basing and it will have its day...soon. But not now. It's a false rally.
DON'T BUY
Most gold producers are serial destroyers of capital. Gold is kind of an anti-US dollar hedge and there is a benefit in owning in the portfolio.
BUY
He likes gold. Because of the big mergers, gold companies are better managed now. XGD is a good place to start in gold rather than picking Newmont or Barrick. He has a long-term view on gold and that occupies 5% of his client portfolios. The full cost of gold production is US$1,200-1,300 per ounce, and makes up nearly the entire price of gold, but there's almost no risk premium in gold at all.
TOP PICK
He's very bullish gold. Good risk/reward for the next three months. He's recommended gold stocks elsewhere on this show, but this is a good basket of them.
BUY

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.

WEAK BUY
ZJG-T is junior golds. He prefers equal weight, ZGB-T is preferred. Gold is one of his biggest positions right now. Gold should do well over the next year or two.
COMMENT
Gold itself has been sideways since 2014 which has put a lid on the gold producers. It's essential that gold breaks above $1,365 before the gold producers break through. Until then, gold stocks are sideways.
DON'T BUY
Gold has come back nicely, but Trump can always pressure it. The US dollar was strong, so that hurt gold. He's not a fan of gold and doesn't see gold rising to $1,400. The ETF is a little safer than owning gold itself.
COMMENT
It's a great way to play gold. Gold has been out of favour for 6-7 years. When we hit the next recession, gold will likely revive. It's hard to call these things.
DON'T BUY
He doesn't see a downturn, but if there is then XGD isn't bad. He'd like to see more inflation, which is flat now. Until there's inflation or interest rates, he won't rush into gold. The junior gold producers are tricky to judge; he's had some problem with them.
COMMENT
He likes gold. He owns iShares COMEX Gold ETF (IAU-N) which is a straight position in bullion. This one invest in the companies having some operational risk. He is at 4-5% depending on the portfolio.
BUY
Buy this or individual stocks? He sees gold as cash, not an investment. He likes this ETF, but Franco Nevada is better because you get an upside and dividend.
PARTIAL SELL
Gold over the next 6 months? The sector under-performed over the last six months. We can see levels equal to the average of the highs in 2017. A return to the lows is also a potential. He is looking to lighten up exposure to this.
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