Q: What is the best way to position your gold weighting at this time when choosing between gold bullion ETFs, gold stocks or royalty companies? Which names would you recommend in each group?
5i Research Answer:
We might start leaning more toward gold and royalty stocks opposed to bullion directly at this stage. Gold itself has had a big run recently and might need to digest these levels for a while. However, gold operators will continue to benefit from the higher prices but can also find additional ways to grow going forward. Having some bullion exposure is fine but for 'new money' in gold we might focus more on gold equities.