DDHLF - Is GLD A Good Investment? What Investors Should Consider
- GLD is the best way to get exposure to gold spot prices on the US market.
- Right now, the price of gold has been holding despite a strong post-pandemic recovery likely in anticipation of troubles ahead.
- Our house view is that interest rates will rise meaningfully, and while that might logically be a problem for gold which earns no interest, precedent tells us otherwise.
- With stagflation being the reason for the Fed's interest rate objectives, we think that the market for gold will remain strong and likely improve for a trade against recession.
- However, a more secure bet would be to invest in gold mining for our top pick DDH1.
For further details see:
Is GLD A Good Investment? What Investors Should Consider