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  5. XGD: Please suggest how I can invest in gold to diversify my portfolio. [iShares S&P/TSX Global Gold Index ETF]
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Q: Please suggest how I can invest in gold to diversify my portfolio. Currently I have 0 gold
Thanks
Peter
Asked by Peter on June 24, 2024
5i Research Answer:

The best options in our view are gold stocks or  gold bullion funds. The stocks offer (potentially) more upside gains, where as bullion is preferred if one is just seeking 'insurance' against financial calamity. ETFs will provide instant diversification.

We would suggest GDX, XGD for ETFs of stocks. AEM, FNV and NEM for individual stocks. PHYS or KILO for gold bullion. 

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