ETFS Physical PM Basket Shares
Also included in a list of must-owns during bad economic times are precious metals. As it happens, some believe the commodity cycle is in its earliest phases, so that’s all the more reason to jump into this sector. Plus, they’ll provide that inflation hedge against the Fed’s continued foolishness centered around quantitative easing.
It’s difficult to find an ETF that isn’t heavily weighted in gold — not that I mind, but I prefer greater diversification. I would prefer you go with ETFS Physical PM Basket Shares (NYSE:GLTR), as platinum and palladium make up about 13% of the portfolio, silver takes up 37% and gold leads with 50%.
As of this writing, Lawrence Meyers was long PFF. He is president of PDL Capital, Inc., which brokers secure high-yield investments to the general public and private equity. He also has written two books and blogs about public policy, journalistic integrity, popular culture and world affairs.