Investment Q&A

Q: Hi 5i team,
From your 3 portfolios, which are the stocks that interlisted on US exchanges, and which stock pay their dividends in US$? Thanks.

Q: Considering the ongoing volatility in the markets, probably caused in a large part by threats of trade wars, I'm considering adding a gold component to my portfolio and I'm favouring Goldcorp. May I have your opinion as to this stock or in your opinion a more suitable choice. Thanks, Al.

Q: In light of the recent market turmoil and prospects of a global trade war I feel I should have some exposure to gold. In your opinion, would it be best to invest in a specific gold miner (miners), a gold ETF or perhaps a royalty company. I'm looking for a longer term hold.

Q: Enforcer Gold and Batero Gold.
Can you give me any insight into these two micro gold companies?
Am I correct to say they both have good balance sheets/cash as well as high insider ownership?
Do small/micro gold stocks outperform the sector during a gold bull market?
What gold stocks would you recommend if the POG rises?
Thanks.

Q: Due to the impending trade war ( thanks to Donald!)and the trouble it will cause in the market, I am holding some cash in my portfolio 10%, and would also like to invest in some gold to further my safety net. Do you think this is a good idea, and if so, what golds stocks or ETF's would you recommend and what weighting?

Q: I am selling my Goldcorp holdings and would appreciate knowing what gold stock you are presently recommending. Thanks.

Q: With President Trump wanting tariffs on Steel & Aluminum this will increase cost of goods in the USA much like tariffs on Lumber increases the cost of building housing in the USA. Would this lead to a lower US Dollar and benefit he price of Gold ? What golds do you recommend ? RAK

Q: Please comment on latest results and feelings about the results.

Q: Could you help explain some of the factors that appeared to negatively impact earnings. ...derivatives, etc. They mentioned that there were also stock options that were not included in the calculations. Is this usual? Thank you kindly for your insight into the results for the last quarter and for 2017.

Q: Is it concerning how poorly gold has reacted to recent events re: volatility, fear, and increasing inflation outlook...AEM has been disappointing with a 4% weighting in my portfolio.
Thanks,
Rob

Q: Hello 5i team,
I appreciate your response to my question regarding "what to do in view of an impending recession".
Less equity and more fixed income would indeed make sense. I suppose that I could start with the holdings in the Income portfolio; but, of the balanced equity portfolio, which would you consider as "aggressive" and which would you consider as "more defensive".
Thanks,
Antoine

Q: Do you feel every portfolio should have at least one Gold Company?

What is the importance of owning a gold company? The long term track record of most Gold Mining companies does't look that compelling. I know that you have mentioned it as a hedge/protection, but even in 2009 Gold companies went down with the rest of the market.

Is just to ensure proper diversification?

When I look at AEM compared to FNV I like the past performance of FNV, but does it provide the same diversification

If it is your recommendation to have as part of any well constructed portfolio, what percentage should be with a Gold company. Just one full position?

Thanks as always.

Q: I have a question about Gold. Specifically I would understand gold to a be good risk hedge against rising interest rates. Looking to take a position in one or more gold companies with some potential for growth....any suggestions would be appreciated. Maybe a couple higher risk small caps and also some big players....Gold Corp seems like they are doing well recently.

Q: If gold breaks out, can you suggest undervalued stocks with a good growth potential. Thanks as always.

Q: I have noticed a trend to gold companies being proposed as a sector to be considered ready for a buy. please advise your suggestions in this space.
Doug

Q: Peter and Team:

I currently hold AEM as the sole "gold" stock in my portfolio.

I was thinking about switching to FNV.

Could you please comment

Thanks as always.

Phil

Q: Which of AEM or KL would you buy today for growth and leverage to gold price?

Q: I think the US tax cut has the potential to be inflationary. Investors will have more money in their pockets as the US indices go up and at the same time US government debt will go up since tax income declines but spending does not. The government will be borrowing more to fund their operations. Inflation will help the government as they can use depreciated dollars to pay off their debt. I don’t really buy the argument that increasing economic activity/wealth will somehow flow into back into government coffers replacing the revenues lost to the tax cuts. That being said are gold mining companies a good hedge against inflation? Inflation seems to lead to higher interest rates which is bad for gold. We own some AEM but our weighting is a bit light. Any recommendations?
Thanks
Jim

Q: My materials and precious metals exposure is limited to the above two stocks, and both are very small positions. With recent talk about positive prospects for materials going forward, what etf would you recommend if I decided to put some more money into this sector?

Q: What are your top picks in resources
Thanks