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Opinions Mike S. Newton, CIM FCSI
Sprott Physical GoldPHYS.TOCOMMENTMay 22, 2020
Mike S. Newton, CIM FCSIUnknown
N/A
Stock price when the opinion was issued
$44.08
As of Jun 19, 2026. Market Open.
E.T.F.'s
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It's a hedge, used to preserve his purchasing power. Happy with the gain YOY.
Brian Acker, CAOwned
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Forgot gold stocks, but buy this which holds actually gold. Also, it's in USD.
Brian Acker, CAOwned
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Hold physical hold, not the stocks. With the inflation scare, the price of gold has done nothing, hanging around $1,950, but should be higher. Gold will protect you from higher volatility which he expects.
Brian Acker, CAOwned
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The CAD can easily go to 65 cents, reflected in the price of gold. Either the TLT or PHY explodes. If we enter recession, TLT outperforms and gold declines.
Brian Acker, CAOwned
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In deflationary shock periods you want access to gold. He likes that you could take physical delivery of gold rather than through futures. It also avoids exposure to companies potentially being limited in their mine operations due to COVID-19 restrictions.
Mike PhilbrickOwned
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COMMENT
He has been holding this. If you are holding it for the upside of gold and silver, it is a good place to be. If you are holding it as a cash component, it is a good place to be. If you wanted the speculation, he would be looking at good quality companies to get the further upside.
Jaime CarrascoOwned
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Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.