Investment Q&A

Q: I know 5i doesn't like to give out portfolio weighting advice so I won't ask .... I'm considering increasing my position in GDXY to 10% { from it's current weighting of 4.72% } . With the US dollar on a rather steady decline, and Powell unable to lower rates due to tariff inflation .....I think the outlook for gold is positive .....

First given the first two facts would 5i consider this a conservative , moderate risk, or risky approach ? ..... And second what dollar amount would gold have to drop to take me out of the black of that currently 42.3% dividend {That yield is from TD Waterhouse feel free to correct it if it is wrong } ..... ? In spite of the recent drop from my purchase price { down 11% } I am still way in the black collecting my rather large monthly dividend ..... I would like to know how much the price of gold would have to drop to put GDXY in a negative position relative to it's current yield ?.....

Though GDXY has only existed for a year I imagine a correlation between the movement of the price of gold compared to the movement of GDXY unit price could be calculated..... I just don't know how to do that ....... Thanks for you terrific service ......

Q: Hello
Can PHYS, GLCC, GDXY and XGD be held in TFSA/RRSP accounts?
Is this collection a good mix?
Would AMAX be a better option than some of the aforementioned and if so, which would you replace with AMAX / drop completely.
Thank you.

Q: Could 5i speculate on the current volatility of gold ? I'm not buying the " Investors are in a sell everything mood " argument ..... Investors are selling Mr Market because of the tariffs and gold " should " be exactly where they head to . The price of gold is unaffected by tariffs ......

As well as speculating on the reason " why " could 5i speculate on how long you feel the volatility in gold will continue? ..... I tend to think gold should continue it's upward rise once investors figure out that it is unaffected by tariffs and look for a safer haven ....... But I trust 5i's analysis more than my own ..... Thanks for your terrific service .... Garth

Q: Just few more covered call gold ETF questions and I promise to stop flogging this horse and make a decision ..... Of the five ETF's 5i recommended { AMAX, CGXF,BASE,GLCC,GDXY } Could 5i give me the return, unit price gain/loss plus dividends for each ETF as a percentage ? .... As both AMAX and GDXY have only been around a year just go back for that period of time for each one. This will be long enough for me to assess as I am looking for gold volatility pre and post Trump's election.....

I notice all have an upward trend except GDXY. Could 5i speculate on the reason why ? Of course the question is does that 32.5% dividend more than make up for it ? I should be able to see that by your evaluations of returns for the other ETF's in comparison ......

And finally, hypothetically, if 5i were forced to choose one or two of these to " hide " in while assessing just exactly how bad Trump is going to make things for Canada . Which would be your two favorites, first and second, and why ? ...... Thanks for your terrific service ..... Garth .....

Q: Just a little more clarification on my question on GDXY . First what is a " synthetic call/write strategy " ? I suspect understanding that will help me understand the very large 32.5% yield ......And second the only GDX gold stock I can find is a 5 cent stock Goldex Resources Corporation ? Which I don't find encouraging for a purchase of GDXY . Could you elaborate on the relationship ? ..... Or if I have the wrong company point me in the direction of the right stock symbol ? .... Thanks again for your terrific service ......

Q: Thank you for your list of available covered call ETF's . A bit to unpack here . Could 5i give me some assistance doing it ? .....

The current Yield of each ?

The structure of each ? .... { for example part of your answer was " GDXY may be of interest. " I'm assuming some leverage here as the yield shown in TD Waterhouse is 29% . How much leverage ? And what is the structure of this and the other ETF's ? }

The risk profile of each ? ...... { for example on the Yieldmax website they outright tell you GDXY is high risk . I would like to know why and what that risk is ? And a similar assessment for each ETF recommended ? }

Also if 5i were going to hide in some high yield covered call gold ETF's until after April 2/25 { tariff day } and likely longer as I'm convinced it isn't going to be a good year for Canada. Put a numerical value for each ETF listed from one to ten with one being most favored and ten being least favored and why ?

Also if there are any tax consequences inside a RRIF ?

Thank you for your terrific service .....

Q: Could 5i give a list of the various covered call gold ETF's offered and their yields ? Canadian and/or American ...... The only one I am aware of is AMAX on the Hamilton website. The yield is indicated at 9.52% but it always says that no matter what the daily unit price is. So if you could update the yield based on current unit price it would be appreciated ? .....Also are there any enhanced yield gold ETF's and if so their targeted yield ? Thanks for your terrific service . Garth