Don VialouxiShares Gold Bullion ETFCGL.TOTOP PICKJul 11, 2016

With mining companies, so much can go wrong. If looking to hedge against inflation or geopolitical events, look at gold bullion instead. CGL.C is the unhedged version.

Gold is a good hedge against inflation.
Good place for investors who are worried about recession.
Will keep shares.

GLD is the most liquid and actively traded one. It is a good way to hold gold bullions. If you want a currency hedge, he would use CGL. Gold stocks look cheap versus gold bullion right now.

He thinks gold and silver are not in a friendly economic space right now, with good economic growth and no fear of rapid inflation. He would still consider this a holding to keep as a diversifying tool in your portfolio, because we do not know the future.

A hedged way to play the gold market. He has about a third of a position. Gold equity holdings are much more volatile than gold itself. If you believe gold is going up then you make more money on the equity side. We are in the mid-to-upper end of the range of the trading of this ETF. This is a no growth story.

XGD-T vs. CGL-T. CGL-T just holds gold bullion. There is a currency hedge on it. Gold mining companies tend to be pretty correlated over the long term. CGL-T is a more pure exposure and bypasses the gold companies. XGD-T is really just the companies. If you think they have opportunities then this is your vehicle of choice. CGL.C-T is not hedged. XGD-T is an equity investment, CGL-T is a commodity investment.

iShares Gold Bullion (CGL-T) or iShares Comex Gold (IGT-T)? This one probably meets your needs, however thinks it is too early for gold. Gold had quite a little rally. If the Fed raises rates and the US$ strengthens, which it will, gold will take a hit. Gold has really worked in the past because of inflation, and we really don’t have that yet. Central banks globally are working on getting inflation going, and it is probably going to start in the US first. Before then, it is pure speculation.

Gold. CGL-T is a way to hold gold bullion, but hedge the Canadian dollar. The mining sector is dirt cheap. Below $1175 be wants to own it and will sell by $1225. If inflation starts to kick in, then gold will shine again but you don’t play for that today.

(Top Pick Nov 05/13, Down 26.64%) It did not work out well. Had a high dividend. A few months ago he met with management and was discouraged by a few things. He exited a few months ago.