Two precious metal ETFs to hold

Article Excerpt

The price of gold hit a low of around $1,200 in December 2013. It then moved up to almost $1,400 in two months. But the price has since fallen and is once again close to $1,200. Silver fell to $19 U.S. an ounce in December 2013. It rebounded to $22 in February 2014 but is down again, at $18.81 an ounce. Over the longer term, gold and silver could well regain their early 2011 highs ($1,900 for gold and $48.48 for silver), but they will likely remain volatile. Meanwhile, they will probably stay in a narrow range for some months. If you want to hold a number of gold or silver stocks, these two exchange traded funds offer top-quality global miners and low fees. ISHARES S&P/TSX GLOBAL GOLD INDEX FUND $10.60 (Toronto symbol XGD; buy or sell through brokers; ca.ishares.com) aims to mirror the performance of the S&P/TSX Global Gold Index. This index is made up of 38 gold stocks from Canada and around the…