Thank you Frank.
Here is an interesting article on ETF Trends talking about GLDW, a USD-hedged physical gold ETF: http://www.etftrends.com/2017/01/why-the-first-currency-hedged-gold-etf-now/
This was my takeaway from the piece: “For instance, from the end of 2013 through the end of 2016, the U.S. dollar appreciated against a basket of foreign currencies, and gold prices in USD declined from $1,205 per ounce to $1,146 per ounce, or a 5% decline. However, if an investor took away the strengthening dollar from the equation, gold priced in non-U.S. currencies, like the euro currency, rose from €873/oz to €1,096/oz, a 25% increase, according to Bloomberg data.”
Would it be worth substituting GLDW for GLD in the various LI strategies?
Thanks