James Cole, BA, CFASPDR Gold ETFGLDDON'T BUYJan 17, 2006

Lower price point than similar products meant for retail investors. Recent pullback a good time to buy. Stronger US dollar tough on gold. Traditionally gold does well into the Chinese New Year.

The original gold ETF. It tries to hold physical gold, which is a good hedge against currency devaluation, inflation spikes and general uncertainty. Gold is struggling now, but it's a good time to buy this during weakness.

It's a long-term investment. Many bought gold last March out of fear of a slowdown and weakening dollar. If you still believe that then hold and don't sell.

He sold half in May as yield began to rise, and sold the rest today as GLD broke below the 100-day moving average, last seen in fall 2022. You want to own at least some gold now with the deflationary effect (from March's regional bank crisis). He may step back into this for the long term.

Not excited about gold, to be honest. Needs to see a deflationary catalyst but rates keep rising. Would prefer to own the metal, not the miners. Won't sell it though.

If gold holds above $1,900, the previous high, then be long in gold. But if gold falls below $1,900 after the Fed hikes, be very cautious.

Good option for gold ETF.
High liquidity.
Good long term investment (5-10 years).
Not buying at the moment. 

Sounds boring, but if you don't want to play the miners, you could buy some of this as part of your overall asset allocation. Big benefits to his client portfolios.

Good ETF for gold exposure.
If bullish on gold - good for investing. 

In a strongly disinflationary time, gold is the right trade. Stay long.

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.