Two ETFs for a precious metals rebound

Article Excerpt

Most precious metals stocks have moved down lately, along with gold and silver prices. Gold is down from almost $1,800 U.S. an ounce in September 2012 to $1,403 today. Silver has dropped from $34.96 U.S. an ounce to $22.55. Gold and silver could well regain their highs and move up even further over the longer term, although they will likely remain volatile. Higher prices would arise from investor fears that inflation or global political and economic instability will hurt the value of key currencies, such as the euro or the U.S. dollar. 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 $12.91 (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 54 gold stocks from Canada and around the world. The fund’s…