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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (85394)	7/16/2020 8:08:55 AM
From: Goose94	Read Replies (4) \| Respond to of 203449

iShares S&P/TSX Global Gold Index ETF (XGD-T) Gordon Pape says banks print money at an unprecedented rate the outlook for gold improves. Gold has always been seen as a haven investment in times of market turmoil. It is no different this time around. The price of the metal broke through US$1,800 last week (all figures Canadian unless otherwise stated). As of Wednesday afternoon, the price was up 19.1 per cent year to date, a much stronger performance than any of the major stock indexes, including the Nasdaq. Mr. Pape recommends a gold weighting of between 5 per cent and 10 per cent in portfolios at this time. Mr. Pape says if you want to cover the broad universe of gold producers and streaming companies, put a portion of your money into the iShares S&P/TSX Global Gold Index ETF ($22.45). The exchange traded fund tracks the performance of the index of the same name. Holdings include some of the world's top gold producers/streamers including Newmont (NGT-T), Barrick Gold (ABX-T), Franco-Nevada (FNV-T), Wheaton Precious Metals (WPM-T) and Agnico Eagle (AEM-T). iShares S&P/TSX Global Gold is ahead 37.9 per cent this year.