rereading this page - earler discussion - I was using PFC2200 in my cash account so that the distributions were ROC vs Interest Income - basically becomes capital gains vs Interest Income - but when you sell...
Well despite lots of volatility and equities being down and bonds taking a beating, Gold today turned out almost 10% - WOW...... Good thing its 20% of my portfolio !
Looks like when govts decide to start the printing press the currency value drops and the limited supply / scarcity of gold really shines through.
Our economy is in a death spiral and our govts are effectively buying the debt and equity markets with fake cash.... nice.... (yes the nice is sarcasm).
Oh yah with govts about to quarantine everyone and not let them go to work - govts will have to supplement the populace with free cash until they can get back to work.... it will only get better for gold given the current climate !
Well Gold ironically has outperformed the TSX60 and SP500 for the last week, month, 3 months, 6 months, 1 year and even 5 years right now. It doesnt beat the sp500 for the 10 year but it does beat the TSX60 on the 10 year. Nothing to complain about.
I am happy that equities did well today, I hope they can hold the momentum !
For Bond ETFs I'm using ZFL and ZPL... I was using VAB and XLB, BUT with their Corp exposure they were in a real BOG when the markets were stressed and thus I was not impressed. I will stick with ZFL for security and ZPL for a bit better yield. I am ~60% ZFL and ~40% ZPL (for my bonds - at this time). I know this is CAD and not US exposure but I don't feel that matters as much. Your MNT will basically work as USD exposure in my mind since the gold market operates on USD.
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