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Best Defensive Commodity ETF – SPDR Gold ETF (GLD)
Picked by: Richard Young, editor of Intelligence Report
Strategy: The best bedrock investments for protection and profitsI own jumbo positions in gold through the SPDR Gold Shares ETF (GLD), and I buy both as a mucho expensive insurance policy. I do not invest in this fund to make a killing in the short term, since I am much more of a “big picture” investor, but there’s no denying gold has been on a tear in the last 12 months and has some room left to run.
Gold should continue to soar due to budget and deficit problems here in the U.S. Remember, gold mining shares and numismatic coins are not a substitute for bullion, but the SPDR Gold ETF is much more manageable than a safe full of gold bars if you’re looking to protect yourself. I like a 10% position for savvy, conservative investors of modest means as both a defensive play against inflation and a long-term profit builder.
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