There is no better insurance policy for your portfolio than precious metals. I buy them as stores of value and pray the price trends down. Why? Because most likely everything else I own would trend up.
For example, even as gold lost around 20% of its value in the first three quarters of 2013, the S&P 500 rose by a similar amount. So I repeat: I do not buy precious metals to profit from a rise in price or to sell to someone else. If they should soar in price due to the destruction of the fiat dollar (likely), I not only will be glad I own every ounce that I now own, but will also wish I had bought a whole lot more.
Though personally I own physical gold and precious metals ETFs that own gold, silver and platinum bullion, most investors will want to stick to ETFs, as the liquidity is better.
On to my top 3 ETF picks in the sector: