Q: For growth this year, AEM (on the CAD or US side) vs. GLD?
5i Research Answer:
A gold ETF vs a gold producer is always a tough call. Producers have more upside, generally, but they are stocks, and in a market event or crisis gold usually holds up better than stocks. But, with good momentum and growth expected, and a decent dividend, we would side with AEM today. With arbitrage the prices of the two markets will be the same. Dividends are paid in US dollars so holding it on the US side likely makes the most sense.