Gold / ETF
Do you think Gold is still a buy...? What's your favourite ETF right now? Wondering if Vangard ETF is too expensive or is it still a buy with good returns expected over next 12mths...
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Answer
Hi Barbara,
Plenty of questions on gold today. There are two gold ETFs that we particularly like;
- Global X Physical Gold (GOLD), market cap of $3.64bn, mgt fee of 0.4% pa – simply tracks physical gold.
- VanEck Gold Miners ETF (GDX), market cap $539mn, mgt fee of 0.53%.
We like gold into weakness but it still feels a touch early. We’re an ‘accumulate’ rather than an outright buy.
Vanguard does not do a gold ETF listed on the ASX so we presume you mean the Vanguard MSCI Index International Shares ETF (ex-Aus.) held in our Core ETF Portfolio. We think international stocks are need a rest, so a buyer into dips (not here) for that ETF.
