This summary was created by AI, based on 3 opinions in the last 12 months.
The experts are in consensus that the iShares Gold Bullion ETF (CGL-T) is a good way to play exposure to gold and the commodity market in general, especially as a hedge against inflation and geopolitical events. It is seen as a preferable alternative to mining companies due to the issues that can arise with mining in certain jurisdictions. The recent breakout of the gold bullion ETF has caught the attention of experts, who predict a potential rise in gold prices over the next year.
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.
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.
Gold. CGL-T is a way to hold gold bullion, but hedge the Canadian dollar. The mining sector is dirt cheap. Below $1175 be wants to own it and will sell by $1225. If inflation starts to kick in, then gold will shine again but you don’t play for that today.
iShares Gold Bullion ETF is a Canadian stock, trading under the symbol CGL-T on the Toronto Stock Exchange (CGL-CT). It is usually referred to as TSX:CGL or CGL-T
In the last year, 3 stock analysts published opinions about CGL-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares Gold Bullion ETF.
iShares Gold Bullion ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares Gold Bullion ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered iShares Gold Bullion ETF In the last year. It is a trending stock that is worth watching.
On 2024-03-28, iShares Gold Bullion ETF (CGL-T) stock closed at a price of $17.75.
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.