iShares Gold Bullion ETF (CGL-T)

Prefers gold ETF over mining companies. Extremely attractive in uncertain economic environment. Geo-political tensions very high, which makes for a good time to invest in gold. Great hedge against inflation as well. Zero liability asset with long term enduring value. 

It's such a broad sector, from energy to oil-related to materials to gold or uranium.

The most popular one related to the energy index is probably XEG. Exposure to most of the larger Canadian energy producers like CNQ, SU, etc.

What's catching his eye more right now is CGL, the gold bullion ETF. Recently broken out. He can see a scenario where gold moves higher to $2600 or even $3000 over the next year and a bit. Avoids the issues that come with mining in certain jurisdictions. Good way to play exposure to gold and to the commodity market in general.

With mining companies, so much can go wrong. If looking to hedge against inflation or geopolitical events, look at gold bullion instead. CGL.C is the unhedged version.

Gold is a good hedge against inflation.
Good place for investors who are worried about recession.
Will keep shares.

GLD is the most liquid and actively traded one. It is a good way to hold gold bullions. If you want a currency hedge, he would use CGL. Gold stocks look cheap versus gold bullion right now.

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation. He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.

A hedged way to play the gold market. He has about a third of a position. Gold equity holdings are much more volatile than gold itself. If you believe gold is going up then you make more money on the equity side. We are in the mid-to-upper end of the range of the trading of this ETF. This is a no growth story.

XGD-T vs. CGL-T. CGL-T just holds gold bullion. There is a currency hedge on it. Gold mining companies tend to be pretty correlated over the long term. CGL-T is a more pure exposure and bypasses the gold companies. XGD-T is really just the companies. If you think they have opportunities then this is your vehicle of choice. CGL.C-T is not hedged. XGD-T is an equity investment, CGL-T is a commodity investment.

Canadian dollars, gold Bullion. It just broke to a new high, outperforming the market, and momentum indicator are positive.

iShares Gold Bullion (CGL-T) or iShares Comex Gold (IGT-T)? This one probably meets your needs, however thinks it is too early for gold. Gold had quite a little rally. If the Fed raises rates and the US$ strengthens, which it will, gold will take a hit. Gold has really worked in the past because of inflation, and we really don’t have that yet. Central banks globally are working on getting inflation going, and it is probably going to start in the US first. Before then, it is pure speculation.