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iShares S&P/TSX Global Gold Index ETF (XGD $66.10)
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iShares S&P/TSX Global Base Metals Index ETF (XBM $36.19)
Q: Good day! I'm wondering if there is still a case to be made for investing in gold, silver and other metals? If there is, how would you recommend investing? An ETF or individual stocks? Is there an ETF that covers all these metals?
Considering the geopolitical situation, how risky is the USD and investing in US assets? What percentage of YOUR portfolio would you assign to US assets looking to the next 5-10 years?
Please deduct credits as needed and thank you in advance.
Considering the geopolitical situation, how risky is the USD and investing in US assets? What percentage of YOUR portfolio would you assign to US assets looking to the next 5-10 years?
Please deduct credits as needed and thank you in advance.
5i Research Answer:
We are about 13% gold right now; as the US dollar drops, gold should continue to do well. But other assets can still perform, as we might see an 'anything but currency' sentiment develop. The precious metals sector still looks good, with currency debasement, central bank buying and lower rates as tailwinds. Copper looks good with electrical demand, but it and other metals do have more economic cyclicality. If one is just looking for general exposure we would suggest ETFs. XGD for gold/silver and XBM for metals.