Forget Stocks And Bonds - Here's Why Gold Is The Best Investment Right Now
Portfolio Pulse from Aaron Bry
DataTrek co-founder Nick Colas suggests that gold is a better investment than stocks and bonds, despite underperforming the S&P 500. He argues that demand for gold from central banks and potential geopolitical tensions could drive gold prices higher. He recommends five gold ETFs for investors who want to go long on gold: SPDR Gold Trust (GLD), SPDR Gold MiniShares Trust (GLDM), iShares Gold Trust (IAU), VanEck Gold Miners ETF (GDX), and Goldman Sachs Physical Gold ETF (AAAU).
August 30, 2023 | 5:18 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Walt Disney Co's (DIS) stock is mentioned as being down 25% in the last year, but no specific recommendation is given.
The article mentions that DIS stock is down 25% in the last year, but does not provide a specific recommendation for the stock. Therefore, the impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Nick Colas recommends Goldman Sachs Physical Gold ETF (AAAU) as a good investment for those wanting to go long on gold.
Nick Colas' recommendation of AAAU as a good investment for those wanting to go long on gold could potentially increase demand for the ETF, driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nick Colas recommends VanEck Gold Miners ETF (GDX) as a good investment for those wanting to go long on gold.
Nick Colas' recommendation of GDX as a good investment for those wanting to go long on gold could potentially increase demand for the ETF, driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nick Colas recommends SPDR Gold Trust (GLD) as a good investment for those wanting to go long on gold.
Nick Colas' recommendation of GLD as a good investment for those wanting to go long on gold could potentially increase demand for the ETF, driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nick Colas recommends SPDR Gold MiniShares Trust (GLDM) as a good investment for those wanting to go long on gold.
Nick Colas' recommendation of GLDM as a good investment for those wanting to go long on gold could potentially increase demand for the ETF, driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nick Colas recommends iShares Gold Trust (IAU) as a good investment for those wanting to go long on gold.
Nick Colas' recommendation of IAU as a good investment for those wanting to go long on gold could potentially increase demand for the ETF, driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100