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Global X Gold ETF (HUG)
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Global X Gold Yield ETF (HGY)
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iShares Gold Bullion ETF (CGL.C)
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GoldON Resources Ltd. (GLD)
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International Game Technology (IGT)
Q: Here is a multi-part question regarding gold ETFs, please deduct as many credits as necessary:
1) If one were to choose one of the following gold ETFs to hedge their portfolio, which one would 5i recommend (or would you recommend another), and why? CGL.C, IGT, HUG, HGY. What is your opinion on the covered call strategy employed in HGY?
2) What is the difference between GLD and GLDM? What are the pros/cons of owning one versus the other?
3) How are gold ETFs taxed in Canada? Is there any taxable component that is payable even if the ETF is simply held and not sold?
Thank you very much!
Walter
1) If one were to choose one of the following gold ETFs to hedge their portfolio, which one would 5i recommend (or would you recommend another), and why? CGL.C, IGT, HUG, HGY. What is your opinion on the covered call strategy employed in HGY?
2) What is the difference between GLD and GLDM? What are the pros/cons of owning one versus the other?
3) How are gold ETFs taxed in Canada? Is there any taxable component that is payable even if the ETF is simply held and not sold?
Thank you very much!
Walter
