Preferred Gold ETF

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Question asked 17/03/2021

Preferred Gold ETF

Hi James & Team, After reading your recommendation to overweight gold, I am interested in getting some exposure to gold . Rather than investing in a single gold stock, which is your preferred gold ETF? Thanks Sidney

Answer

Hi Sydney,

Two ways to go here, investing in Gold itself and for that we like GOLD which is ~$2b ETF issued by ETF Securities (details here) or consider an ETF that has a broad suite of Gold Companies, for this we like the VanEck Vectors Gold Miners ETF (GDX) (details here).

Technically the GDX initially looks set for a test of $39, or ~20% upside.

chart

VanEck Vectors Gold Miners ETF (GDX)

LAST UPDATED 17/03/2021 17:36

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