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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose944/3/2023 2:10:58 PM
Read Replies (1) of 202721
 
Purpose Gold Bullion Fund ETF (KILO-T) top pick from Mike Philbrick on BNN.ca Market Call Monday April 3rd @ 1200ET

It seeks to replicate the performance of the price of physical gold bullion via buying and holding substantially all of its assets in gold bullion held at the Royal Canadian Mint. The ETF is not actively managed. It can be bought in Canadian dollars, Canadian dollar hedged and U.S. dollar units. Exposure to gold provides diversification benefits and acts as a hedge against inflation, currency devaluation, and uncertainty. I would add, currently, the price of gold is an indication of the market’s perceived credibility of global central banks’ commitment and ability to manage inflation. Lastly, gold also has a low correlation with other assets, is seen as a store of value, and tends to rise during times of uncertainty.
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