Click here to post your comment
I really struck a nerve here on Friday!
Hundreds of our readers jumped online to answer the question of the day:
Is this the time to load up on gold, silver and other precious metals … or not? Why?
How much of your portfolio have you invested? Do you plan to buy more in the months ahead?
Which are your favorites? Gold? Silver? Platinum? Palladium?
Surprisingly, a few of our readers are precious metals skeptics:
“I don’t see gold soaring this year as a lot of experts expect,” says David Y., “because I feel, as long as other currencies around the world are in trouble, the U.S. Dollar will stay about where it is or even get a little stronger. Foreign investors will still have faith in the U.S. dollar and gold will stall.”
But the vast majority are clearly bullish on precious metals in 2010 and beyond:
Eric agrees that gold prices will retreat, but sees that as a reason to buy: “I believe gold will drop further as a knee-jerk reaction to the idea that we have commodity deflation. This is, in my opinion, a good time to load up on physical gold as a dollar hedge. I like to keep 5% of my assets in physical gold.”
Jay is looking for profits of up to 36% or more in gold over the next three years: “Just about every major industrial nation is inflating its currency. They are promoting growth of money supply over fighting inflation. With Ben at the helm, the price of gold in dollars will continue to climb. I expect gold at $1,200 by the end of 2010 and over $1,500 by the end of 2012.”
Scott V.R. is a super bull with almost a third of his money wrapped up in precious metals: “If you have the guts to live with the fluctuations, it is time to load up with metals. As long as the government keeps printing money and banks continue to be net buyers instead of sellers, we will continue to see gold and silver as a safe haven. I have about 30% of my portfolio divided between mining stocks and bullion. Mostly gold and silver and a little platinum.”
Phil, who also says he has about 30% of his money in gold and silver, couldn’t agree more: “The recent price pullbacks present a buying opportunity. I favor silver as a two-way bet: Its uses are primarily industrial but it is also regarded as a bullion commodity so it will tend to go up with gold. Plus demand exceeds supply and that is unlikely to change.”
Speaking of silver, it seems to have attracted quite a fan club, lately:
Al in Arizona: “The current ratio of silver to gold is 66 to 1. This will continue to grow closer, making silver a better deal than gold. Any silver under $20/ounce is a steal. It’s destined to go up 20% in three months. Load up now.”
Gerald says that longer term, silver could soar 250%: “If the gold/silver ratio ever moved back to the more traditional 20/1, silver would need to move up about 2.5 times its current level.”
Marilyn G. seems to prefer palladium.
“Well,” she writes, “I don’t know why palladium is going up so nicely, I only know it is. But my thinking is, since palladium is the sister metal to platinum, might not car makers substitute palladium in future catalytic converters for expensive platinum?”
Judging from these and hundreds of other enthusiastically positive responses, it’s clear that, among our readers, precious metals rank highest of all the investment classes we’ve discussed so far. I’d guess about a NINE on a scale of one to ten.
My view: No matter how good an asset class may sound — in theory or in practice — NEVER overinvest. Keep your money spread out over all FIVE asset classes. And if the conditions are ripe for major declines, consider also playing the downside.
Tomorrow, we’ll take a look at how our readers define the optimal growth portfolio for 2010 — but first, I have one last asset class I want to cover: Currencies!
New ETFs make investing in euros, yens, pounds and other currencies — either for moves UP or DOWN — as easy as buying stock in IBM or Microsoft. And we’ve all seen how dramatically the U.S. dollar can fall — or rise — against them.
So what do YOU think? Just click here and post a comment to answer today’s “Question of the Day:”
Do currency ETFs have a place in your portfolio?
Which currencies — the U.S. dollar, Canadian or Aussie dollar, euro, Japanese yen, Chinese yuan, Brazilian real or others — are you most bullish on right now?
What percent of your total investment capital do you invest in currencies?
As always, I’ll add my own thoughts to yours. And then, we’ll move on to the next major step — to build an optimal growth portfolio for the year ahead!
Good luck and God bless!
Martin
{ 144 comments… read them below or add one }
After reading Larry, Shawn and Bryan this week I am bearish on the stockmarket. The dollar will probably rally as the world goes through another sell off. The financials and commodities will probably get hit hard. The EM will sell off also.
I believe that because of huge dollar purchases by China and other Asian countries in an effort to keep their own currencies artificially low and the serious problems with the euro and other european currencies that the dollar will strengthen in 2010 and Gold, Silver and other precious metals will drop in value. Long term the dollar is doomed and Gold, Silver and other currencies will soar BUT NOT IN 2010!
BUY THE DOLLAR USING TRAILING STOPS
It is time for the fed to harvest the ag sector. Little known fact on inflated equity!
Watch the dollar soar in strength.
Perfect storm on the way!
I am convinced that one can profit handsomely in currency exchange but that is too speculative for me and I’ll leave that to the Big Boys !
A lot of us on this blog believe another market melt down is headed our way. I believe that as well. My biggest struggle has been choosing gold or the dollar?? Tough one. Most here will lean on the side of gold. I’ve read all I could find, have subscribed to many newsletters, and have researched the best I can. I believe the arguement for the dollar and and beieve commodities such as gold has topped. I own UUP (long on the US dollar.) I believe the dollar will hold up and even profit through the next great crash because countries around the world will turn to the strongest currency. The dollar fits the bill, and will for a long time. I also believe that there will be a debt windfall where trillions of dollars will be written off in bad debts = disappear = stronger dollar. I am currently 35% invested in stocks right now, and plan to sell it all this month or next at the latest. I will keep 5% in the dollar, 25% in short positions on the U.S. markets, and 70% in cash. I do not see very much profit potential in the markets, in commodities, or any other currency that is worth the risk right now. I believe huge profit potential is yet to come and probably this year in the form of a crash in stocks and then commodities soon after. If you believe the market is going to crash and cannot choose a side (dollar vs. gold) then just go to cash, and get safely out of the way of it. If I’m wrong about a future crash then I will miss some possible profits this year. If my thinking is right then I stand to be very liquid/prepared, and eager to sink my cash into a colapsed market. If the market does collapse it will need people that are liquid and looking to get back into it. I hope I’m wrong, but will be as prepared as I can be.
Matrin,
Most of us travel to/from work and work during all of the hours the US markets are open (often MUCH longer). How can we possibly INVEST in those volitile ETFs?
I think the best time to bail out of Gold and Silver is when everyone is getting in. Time after time the Hot trend cools off and takes your money with it.
To be honest, I am not confident enough to invest in currencies with my level of expertise and have no currencies in my portfolio. I would include the brazillian real if I were to invest in that market. I am into precious metals and energy mainly.
theUS dollar will be strong for the next 3 months, later in the year the australian FXA, and the canadian FXC in that order will outperfom other currencies.
This is what I do: At least 25% of my portfolio is in gold. It ids divided as follows: About 30% is in bullion coins or bars. The GLD fund does not guarantee physical delivery (read the fine print). In the event of a crisis, you may have trouble getting your gold. By taking physical delivery as suggested, you eliminate any intermediary. The next 40% is in the majors (large companies). The best way to do this is with GDX. All stocks are leveraged at 3 to 1 all the way to 5 to 1 to the price of gold. So if gold goes up 10%, your stock should go up 30% or more. Also, physical gold (and GLD) is taxed at 28% whereas gold stocks are taxed like other stocks. The remainder of the portfolio should be in juniors. These are exploration or near-production companies. There is a lot of upside if you do your own due diligence and select the right ones. My favorites: Animas, Timmins, Pediment, Exeter, Silvermex, Mosquito, GDXJ (junior gold ETF). Although there is a lot of interest in the juniors, they are very cheap relative to the price of gold right now. With juniors, I buy and hold for the long haul. With the GDX, I buy the dips and sell a percentage on surges. This is my my gold ATM. Remember, gold has never been worth nothing and it has been the ultimate store of value for 5000 years. Gold has remained constant and it maintains its value. As an example, a men’s suit was $19.95 during the Depression or one ounce of gold. That same suit costs $1080 today or one ounce of gold. When investing in gold, make a plan and stick to it. Never buy or sell on emotions. When you have reached your goals, celebrate. In my opinion, gold will go to levels that are hard to imagine right now — $2270 minimum (adjusted for inflation price relative to 1980 high of $1850). But i see it going much higher. Probably $3,500-$5,000. Do ti right and you can build real wealth
At present the Cycles prediction against the dollar is wanting, but of course that can change. However, Bryon Rich’s evaluation at present seems to be accurate and worth following. I like currency ETF’S and the likelyhood of the dollar rising for now against the euro and British #. All into currency.
Regards
Currency ETFs sound good – -
e.g., EUR rose dramatically last year, hitting a peak in early January. Everyone knew that Russia, China and others were “re-balancing” their holdings of foreign currencies – USD suffered, EUR gained.
Now, EUR’s weaknesses are appearing – but, it takes weeks to unfold.
I’m interested in ETFs because to trade personally in Forex, I couldn’t withstand the ups & downs for that long-term play.
Second, I wonder how ETFs do handle currencies – - do they make intra-day trades as well as long-term?
Canadian dollar, Australia and Brazil………….less than 5%but own many Canadian, Australian, and Brazilan companies……ERF, PWE, SU, PBR EWZ, BHP,VALE, as well as many gold & Silver miners
Hi Martin im 100% in turkish lira since last 2 months. 7.55% interest and tries to track the dollar.
I really need reassurance here. Apparently there are 350 or more ETFs. Some of them aren’t up to scratch and when it is discovered their assets don’t match up to the subscribers holding them, and they turn out to have zero value, this will kill confidence in all ETFs and wipe out their value. There is an index which shows the level of over subscription to any ETF, and most of the ETFs are overscribed – the easiness of them has drawn in a large amount of world capital, and derivatives trade. Is this scare mongering? Charles Schwab do not encourage their clients to go into ETFs, and will not give them reporting space. I am poised to press the sell button.
Not on your blog – but I hope Klaus is watching this index:
http://www.chicagofed.org/webpages/research/data/cfnai/data_series.cfm.
Keep smiling
David W
I have about 20% invested in currencies. I believe that the Norwegian krone and the Canadian dollar will do well this year. Rachel
Buying currency ETFs is speculatuion, not investing. I won’t do it.
Oh and may I add another thought. The Euro is a mess but it took 32 nations to put it together, in a fearsome round of talks around tables, so no one is in a hurry to unwind the Euro – yes it could and then it might not. And a change of government in London, may restore some faith in competent management of UK and sterling might rebound. Then again whom am I to know? Latest news is France wants another reserve currency other than US$. I can see why Forex dealers do so well. Things change minute by minute. Fear & Greed – spinning balls!
David
Martin,
What IS your view on gold,silver and other precious metals at this point in time. In your recent email, you just mention not to overinvest but do not give us your current point of view.
Robert
Currencies? Nope. Any unbacked fiat paper money under the control of a government is potential bad news, as far as I’m concerned. 0% in currencies, here.
I thank you for the advice you offered a few weeks ago, where you advised “lightening up”
It netted me a good profit, and have some cash to buy something in future.
I tried currencies on 90 day notes , and it was not a good thing. limited flexibility was the problem. Maybe ETF’s are the preferred way to go.
What is the best way to Short the EURO with ETFs rather than options?
World wide asset values continue to be way below the face value of their underlying financial instruments. To be crass, there are still a lot of people upside down on their loans to the point of default. This includes sovereign debt as well. We have barely begun the inevitable deleveraging that is to come. No matter how much quantitative easing central banks do they can not put off forever the forces of the market. They can only delay it and the longer they do the more painful it will be. When these asset values really begin to sink (read economic depression), gold, silver and most other commodities will plunge in value and long term bonds and the U S dollar will surge because the money will go to where the perception of safety is. This deleveraging process will take several years to accomplish. If our nation survives this shake-out, we will have the buying opportunity of our lives.
I have almost all of my money in silver. I think silver is going to move up to about $30 an ounce within the next two years.
I trade currencies full time and here is what I see happening over next few months.
Dollar looks ready to make a good size move, in the range of 700-1500 pips against most currencies. Might not start tomorrow, but sometimes during next few weeks we should see it happen. Today lousy budget news pushed USD lower, but that also established great entry points when the run starts. Commodity currencies will like ly be most effected. I’d wait patiently unti price extremes from Friday/Monday are breached before getting in.
Do currency ETFs have a place in your portfolio?
Yes, when the trend is obvious, one should take an appropriate long or short position.
Which currencies — the U.S. dollar, Canadian or Aussie dollar, euro, Japanese yen, Chinese yuan, Brazilian real or others — are you most bullish on right now?
Canadian Dollar, Aussie Dollar and the Norwegian Krone.
What percent of your total investment capital do you invest in currencies?
5%
Mr. Weiss:
Currencies, as of the past 2 years have been a part of my portfolio as a means of diversification. I do not use ETF’s, I have opened an FX account and swing/position trade, in that account.
By trading currencies, I have broadened my knowledge on macro-economic and global situations, thus allowing for better decisions to be made regarding my trades.
Thanks,
Mike
I personally think that it depends on the other currencies. The only reason why the dollar has gone up, is due to the fall of other currencies. When we hear bad news from abroad, their currencies go down, therefore, they believe the US currency is a safer bet. The definite downside to this is: If the other nation’s economy spiros out of control, the countries will want to take back their own currency or use it on other commodities that will gain better security and better income for themselves. Setting up a worldwide economic downfall, which will thoroughly damage the US economy.
I have dabbled slightly in currencies and found them too volatile for my palate. I DO think Canada and Australia are strong values due to their store of resources.
Martin,
I am interested in exactly where you have YOUR money, and what conclusions brought you to act, based on those
conclusions?
After all, the reason I read your emails so avidly, is based upon my belief that you are knowledgeable,
experienced, and smart, when it comes to your ability to evaluate the probable outcome of the
machinations and manipulations of the Market Makers!
Gold will go down slowly below $900.00,
US dollar will go up against major currencies.
I will go short on AUD$ as soon it gets to $0.91/ USD.
Gold. Think about this scenario: president Obama just said in his State of the Union Address that his administration plans to bring back jobs by DOUBLING American exports to the rest of the planet. Doubling!! How can he do that? Several ways including increasing quality of our products, lowering trade barriers, international branding efforts etc, but the one most likely to be used is simpler. Helicopter Bernake got that name because he knows how to cause inflation and destroy the value of the dollar, he is the man for that and he just sneaked back in. I am keeping 10% gold and silver via shares of CEF and if EGO goes down much more I will have to jump back in. Basically I don’t believe this bubble has enough air to stay up beyond next quarter.
Currency ETFs are the answer to those of us not adept at the “currency” market.
I favor Brazil, China, Australia and Canada, the later two for thier commodity stash.
20% of my portfolio goes there at this time.
Martin,
I do have a very limited investment in currencies (probably less than 5%). While I think there may be some profits to be made in this area, I also believe that it is not wise to invest heavily is areas where you lack expertise. My limited exposure is tempered by my admitted lack of knowledge on the intricacies of this area of the market.
Martin,
Currency and gold is controlled by a prominent family. What would be the currency if
the dollar collapsed. Even though you make money on investments what is the ultimate
investment to buy? That will withstand a collapse.
Greetings form central Fl. I definitely think currencies have a place in my portfolio. I have about 10% to 15% in them now. The Aussie, Loonie and Norwegian Kroner are my current choices. I’m in the camp that believes the dollar rally is temporary and these offer staying power due to resources, interest rates or positive national surpluses.
Hello from Auckland. We have an active currency hedge strategy in a 100% cash portfolio. Our domestic currency, the NZD, is a risk asset currency and has been the primary beneficiary of the USD carry trade in the last year. We are now bearish on the NZD and have now moved off-shore from NZD to 50% non NZD currencies. Our main hedge right now is the USD which we bought in September comprising a 25% hedge against the NZD. We had been gold holders (ETF: GDX and GLD) which we sold two weeks ago expecting a significant correction not only in precious metals but also commodity currencies. Of course, by now you can probably tell I expect deflation as the large private sector global debt continues to unwind, and the USD appreciates against most asset classes in the next few months to a year or so. We still believe gold and precious metals are in a long term bull market but believe this will be significantly disrupted by the next deflationary episode in most asset prices. We do not believe gold will outperform during this phase of deflation as some analysts believe.
I look for Silver to go over $47/oz by fall of 2014. And that, to me, is a no-brainer.
Yes, more gold, silver, and other precious metals if/when my breakout indicators generate a signal. The same for currency ETFs. Then risk only my set amount, set a correlated initial stop, watch prices like a hawk, and get out if/when the stop is hit. If the stop is not hit, hold on. If the prices go in the right direction, set trailing stops, continue to watch them like a hawk, and get out if/when the trailing stops are hit. If the trailing stop is not hit,hold. Sell/cover when my predetermined profit point is reached, OR when my indicators give a signal. Don’t get greedy, and strive to sell/cover too soon rather than too late.
it is too difficult for me. what makes the movement of a currency.
where comes the power from?
Martin,
An ounce of gold will buy you an acre of western Kansas farmland today. A thousand years from now that acre of farmland will probably still cost you an ounce of gold. For my money, I’ll take the 30-60 bushels of wheat an acre produces for the next 1000 years and think about trading it for an ounce of gold at that time. Gold is money NOT AN INVESTMENT. Long term it is a store of value and perhaps a medium of exchange. Gold investors are just Currency Traders in sheeps clothing. Most debt is dollar denominated and all sorts of things will be sold to get dollars to manage debt service… even GOLD!
Few people talk about the cost to mine an ounce of gold. To me, that is what will set the price of gold in the long term.
I am not into currency much at all.
With all the: “OTC derivatives” [some: $593 Trillion Dollars] and “fiat paper money” [some: $78 Trillion Dollars] they have fabricated from thin air…gold will have to be re-valued at more than $50,000 per ounce….and, silver will outpreform gold…..
OK, I am a very small fish in a very big ocean. I am just starting to look into investment options for my future and that of my families. The only FOREX trading option I have found is Etrade with a minimum account balance of $25000.00 to start with. Are there other options out there for FOREX trading?
Thank you much for your help.
Robert
I hold alittle gold and silver. It should do well. Larry E said relentlessly to buy GLD, which i did, but another says it could be hard to get the value in an emergency in that etf…..i wonder how true that is ? Larry continues to say hold. I have no experience in currencies so will stay mostly away.
Martin
I’ve got about 20% of investments in Canadian dollar and the Australian dollar but plan to liquidate both positions soon. I believe the US dollar is going to decline long term, but in the short term I believe the currencies I’m in are going to decline as the US stock market declines. I believe some of the money coming out of the US stock market will go into the US dollar giving it some support this year. I may jump back into foreign currencies once higher inflation begins to show up in the US
Glenn
Dear Mr. Weiss,
Buying another currencies or gold or platinum and save it to sell back as a form of investment does not bring much profit since the investers have to go through middle man for the exchanging back to dollars. Unless the investers are in the business of exchanging the currencies themselves, not much profitted money left after the trade is over.
Another side of the coin!
I’m in Australia, but I have some funds in the USA because there is a much greater opportunity to invest WORLWIDE via the USA, especially for ETFs, than there is in Oz. And in these days of almost instantaneous electronic funds transfer via my Chicago broker, physical distance is no problem
As the Aussie dollar is my base curency, my spare USA cash is kept in a USA Aussie dollar ETF, which should do well as long as Asia needs our resources.
No question, with the way “O” is spending & printing paper, precious metals should explode………however, we don’t know what smoke and mirrors “O” has in hands to fool the public and prevent what should follow as a result….
I do not invest in currencies—leave it to the”insiders”.But if I were to trust a currency it would be the Norwegan Krone.I would not touch ETF as I’m very unsure of them.
I like Australia and Canada for currency. I think the dollar will continue to rally so I am long the dollar for now. I believe the contagion in Greece is spreading to other euro countries so I am short the euro.
Hi Martin,
The last time I went near the forex I lost me ‘ide. Skinned alive. I’ll leave that arena to the more courageous. I don’t really get how currency etfs would be any safer or profitable.
I see a dooms day hedge as being 1: arable land 2: usable water 3: shelter 4: food and medical stocks 5: gold/silver in usable forms 6: weapons and equipment of all kinds 7: access to the internet. If those bases are covered then I could see investing for viable income.
I own a little coin collectors gold & silver. I’m heavy in cash. But since the Hunt Bros. killed the silver market years ago I wonder after reading your blog, how many of you were around in those days that feel secure in owning gold & silver. I’ve often wondered how good the gold & silver would be for selling, if there weren’t anyone out there known as “dealers” to buy back your metals??? I still believe in the stock market, and own considerable energy stocks. Plus am looking at railroad stocks right now. Need to learn a lot more before I start choosing the right ones. Recently buying into AENY also. I didn’t sell when Jim Cramer said SELL!!! I’m not unhappy that I didn’t. Thank you for the blog, Martin.
I like the Aussie dollar. Larry Edelson recommended it ages ago as one of the currencies most likely to come through a crisis. I like it because of the down-to-earth sensible Australian leadership and the country is both rich in natural resources and advantageously situated as a trading partner in the prosperous Far East.
With America and Europe in such dire straits, it is, sadly, imprudent to hold their currencies, so it feels good to invest in an ally of the West, rather than in nations that despise us.
What if the government is going to criminalize the possession of gold? Every deal in gold would be punishable and there would be draconic fines. Since the masters of the universe have never in history been in such need of real money, oh yes, they will buy it from you for a fraction.
They have done it before, have’nt they?
I do not use ETF for currencies but go directly on the Forex . So to say I am not a long term investor but more of a trader because I think all currencies are in the same sinking boat. They have value until people realise they need a lot more of it to get their 6 packs.
Then with one single step we’ll go from a gentle downward slope to a sudden fall from a cliff’s top.
For the time being I agree with Bryan Rich latest analysis on the declining Euro vs USD but go a bit further adding GBP vs USD as well, Britain is in real bad shape.
If any three months is considered “long term” then I would dare playing the AUD, the only sound fiat money at the time.
It seems there are several reasons for gold & precious metals to rise
1 They are a hedge against the monetrary crisis & paper money being printed to cover the banking fiasco with governmetns bailing out banks with tax payers money.
2. The tax payer is getting wise and will demand Banks hold enough gold bullion or such assets to withstand crisis such as that of today. The only way banks can withstand the anger of the public is to establish a gold reserve again
2 these & other metals are natural resources in short supply & are often rare and in few geographical locations. The shorter the supply and the greater demand, the higher the price
3. More & more advanced technologies use these metals for hi tec manufacturing
4. Gold & other precious metals are being bought up by the new developing countries like China, India, Indonesia, Malaysia etc for their own hi tec manufacturing, but also because traditionally many cultures trust gold, silver, platinum more than paper money in what is seen as the financial crisis of today.
I am just small player,just trade in currencies,but if one day have more fund i will trade share market too.
My long term cycles for stocks showed a high in 2007 (much like 1929) and a decline into the end of 2008 and a rebound rally into 2009 and then (from back in 2006) 2010 was supposed to be very negative – maybe worse than 2008. A very important 10 year cycle in the Dollar has been bottoming in 2007-2009 and is finally starting to show its strength. I would vote for long dollar positions. There is a strong 2 year cycle in the gold and silver stocks that was topping from Oct, 2009 to mid-Feb, 2010. The last top created a lot of damage. I sold them a couple months back – and plan to watch until summer to assess how much damage might occur. Jay K
Martin; my work had lead me to believe that January 29 would be a turning point. I see that today silver is up. I think there will be a small rally for the next few days followed by another down leg to maybe 15.4 or so. That will be around the 65 week moving average. If it goes thru that then we may be looking at 12.2 or so. The market itself is having a tough time finding direction because of the mixed signals from Washington. Time to stay on the side lines for the time being.
OIL STOCKS & BONDS 8.5%
FOREIGN BONDS 8.5
MLP’S 10.0
SILVER 2.5
I would say yes. The fact that the new budget was unveiled, showed only that the current administration has no intention of slowing down it’s “Drunken Sailor” spending plan. I believe that precious metals will provide a safe haven in this monster of a storm we are in, as it only looks to get worse.
We are not invested in foreign currencies, but if we were I would stick with Canada and Switzerland. The Canadian dollar and swiss franc seem to be less likely to run amok!! Too much volatility in other currencies.
Probably due to my ignorance of the topic, I have a sense that the currency market is akin to being a day trader. It sounds as though a wise investor who diligently stays atop that market can do okay. Right or wrong, conventional stock and commodities are more understandable, and, therefore, a more comfortable asset class for many of us.
Most of us work full time and then have a home life after work. We do not have the time to do the research necessary to make wise choices in all markets. So we read what we can, subscribe to those services from whom we have a measure of confidence, and then act on how we weigh those various sources of input.
At this present I simply do not have the time to acquire a comfortable level of knowledge of the currency market to be willing to risk more than a piddling amount. Perhaps in time . . .
I am a strong believer in crisp uncirculated large size U.S. currency. I have bought it only in the highest
condition and continue to do so. Here’s my theory;Finite examples,growing number of collectors!Thanks for
the platform….
The Aussie dollar. Australia has necessary natural untapped resources. It has the brains and the manpower to find and extract them. It is close to the one country that not only needs these resources but is willing to pay for them.
I’VE INVESTED IN GOLD STOCK AND COINS SINCE 1950; PROFITABLY. OVER HALF OF MY RESOURCES ARE IN GOLD & SILVER ETS’S AND BALANCE IN TREASURY FUND. SINCE FIAT PAPER MONEY IN THE WORLD WILL END UP WORTHLESS LIKE OUR REVOLUTIONARY CONTINENTAL, GOLD IN TIME WILL RISE EXPONENTIALLY. SILVER AT TODAYS PRICE IS DIRT CHEAP. WITH LESS THAN 6 YEARS AVAILABLE NEAR THE EARTHS SURFACE USING PRESENT MINING METHODS DON’T BE SURPISED TO SEE SILVER ATM$300.00 PER OZ. I’VE BEEN OVER THE MOUNTAIN AND OWN THE CRICK…i’VE BEEN THERE AND DONE THAT. TIMES ARE GOING TO GET UGLY BEFORE THEY GET BETTER.
Currencies do not appear to be a reasonable portfolio investment to me. I’d rather bet on a horse race.
Studied FOREX for a year and came to the conclusion it’s a higher level gambling game than most casino games, stocks, bonds, real estate or commodities … the odds for profit are long, longer and longest!
Want profits? Don’t go there.
This is a good time to be involved in curriencies, or rather currency options. The problem is finding the trading symbols for the yen, swiss frank, British pound, Euro, and Australian dollar. I had been using the base symbols XDN, XDS, XDB, XDE, XDC, and XDA, but when the new trading symbols went into effect the only one I could find so far is FNK for the Euro. The trading symbol for the June Euro, strike price 135.00 Put would be FNK 06/19/2010 135.00 P How can we trade currency options if we can’t find the trading symbols? I have talked to bankers, brokers, the Philadelphia Stock Exchange, etc. and still haven’t been able to get satisfactory answers. The FX symbol for EUROs is FXE, but when you place an order, it automatically changes to FNK. All very strange
I don’t invest in ETF’s. I prefer to hold physical in foreign bank accounts as an insurance against Dollar collapse or currency controls. You may think I’m paranoid, but insurance is something you take against remote but possible risk.
I still think the weak Dollar trend established in 2001 is still in place. The Dollar may rise on short-term technicals, but the deficit spending will sink it in the longer term. I favor the commodity currencies: Aussie Dollar, Canadian Dollar, Norwegian Krone plus the Brazilian Real. These will become more attractive as the year progresses, due to increasing interest rate differentials with the US$.
I am around 50% in foreign cash.
Looking forward to this year, investing in short ETF’s, some new Stocks, Dividend type things, and bags of Silver. Am studying the Forex market but new at it. Last year at this time I didn’t have a Broker yet, so that is the first step. Trying to keep things simple as I am a business person and only semi retired. We saved some investment Real Estate money for investments (future semi- retirement)
THANK YOU Martin Weiss Ph.D for the blog and information and appreciate the opportunities each person has shared – so helpful and very educational.
I HAD MORGAN STANLEY AT FIRST AND I TOLD THE AGENT I DID NOT KNOW WHAT TO DO. BEING A NOVICE EVERYTIME I TURNED AROUND I WAS TOLD I WAS BEING CHARGED
A HANDLING FEE SO IN ORDER TO PAY FOR THESE FEES MY STOCKS HAD TO BE SOLD
I HAD NO EXTRA MONEY TO INVEST. WE NEEDED THE DIVIDENDS TO PAY OUR BILLS
AND WHAT MONEYS THAT WE RECEIVED. SO SOME WERE INVESTED IN CD’S. I HAVE TALKED TO PEOPLE WHO LIVE OFF THEIR STOCKS I HAVE HAD A STROKE AND MY BRAIN DOES NOT ABSORB. ALL THAT IT RECEIVES THE ONES WHO KNOW ABOUT STOCKS HAVE
BEEN DOING IT FOR YEARS. ED
Outside the obvious of keeping up to 5% of your holdings in gold coins (with physical delivery and stored in a very safe place), I believe Gold is a very overdone theme and it will not “pan out” like many believe. However, trading it with tight stops over the short term, sure, but holding it long term, NO! If everyone hated gold right now, it would be a good long term investment. This is CLEARLY not the case now. Stay away from gold other than having some physical gold stored in a safe place.
Earlier last year I did have investment in the Eurocurrency ETF (Eurotrust). I sold it in the fall when the Euro started to go down. I wish I was more knowledgeable in currency ETFs, but they seem very volatile.
hi martin,
my concern now is to find a profitable response for how and when the u.s. govt. defaults on its debt. this was my concern in 1982 but now we are in a multi-polar world which infers that secure profits may be available outside this country. i am thinking of building a portfolio that reflects this new situation i.e. becoming an international investor. easier said then done as governments engage in competitive devaluations. but very interesting.
bill
Martin,
The ETF of choice is EUO, dollar short term is going up and the euro down. That said, based on Fridays close, precious metals willl run about 30% in 2 weeks. I bought XRA, GBG, TGB,SWC and SVM on Friday and will be selling shortly. The rise in the dollar will not push gold down this time, it will be a consolidation and the platinum ETF will push the miners up like SWC and PAL. Once the DJI hits resistance at 10250/300, you will quickly see DJI at 9,500. It is a huge ABC down. There was 2 to 3 months of distributuion at the top and mark down will be ugly for the longs sucked into prime time CNBC.
Long term the market will go below the MARCH LOWS, interest rates are going up and bonds are going south for the winter, gold will hold a 1,000 and go up. It will be a safe haven for people’s money.
Martin,
The ETF of choice is EUO, dollar short term is going up and the euro down. That said, based on Fridays close, precious metals willl run about 30% in 2 weeks. I bought XRA, GBG, TGB,SWC and SVM on Friday and will be selling shortly. The rise in the dollar will not push gold down this time, it will be a consolidation and the platinum ETF will push the miners up like SWC and PAL. Once the DJI hits resistance at 10250/300, you will quickly see DJI at 9,500. It is a huge ABC down. There was 2 to 3 months of distributuion at the top and mark down will be ugly for the longs sucked into prime time CNBC.
Long term the market will go below the MARCH LOWS, interest rates are going up and bonds are going south for the winter, gold will hold a 1,000 and go up. It will be a safe haven for people’s money.
1) I wish my company offered a greater number of funds such as currency ETF’s to broaden my investment portfolio. I think there’s a place for them, but only if the cost is right as well as the quality of an investment management team.
2) The aussie dollar offers the best value for the buck based on their high and rising interest rate as well as a solid debt to GDP ratio when compared with the other countries above. Brazil’s real would come a close second to the Aussie dollar.
3) I have 0% invested in currencies.
I have 2 % of my portfolio in the Canadian Currency ETF as of 1/4/2010. Question:How and why is China able and permitted to sit fixed like the 600 lb gorilla in the lobbyof the world currency exchange w/o both loosing all credability?
Yes, currencies should be in your mix, maybe at about 10 percent total. I prefer the dollar as it’s still the reserve currency for the world.
Maybe a very small percentage, 1 to 2%. Playing currencies now a days is very risky given that the old steady buck is unsteady. With the recent rise of the US Dollar is probably better to buy and sell the old fashion way; buy Brazilian Real’s and Aussie Dollars and track them. Either one is going to give you a quick boost in cash. Stay away from the Euro, English Pound and the Yuan.
According to Elliot Wave, we are on the verge of a large market decline. Last time we had a large global market decline the Dollar soared. If this is true, then one way to hedge a large market decline is to go long the Dollar. I believe that a large number of hedge funds are doing just that at this juncture. That is one reason why the Dollar is starting to rise. The other dynamic that is at play is that many hedge funds had been going ling on commodities (copper, oil etc.) in order to hedge a weak US Dollar. The rise in these commodities is disproportionate to the the fall in the dollar. Many institutions are terminating their long positions in commodities now due to a rising Dollar. This is causing a disproportionate decline in commodities, which really has little to do with supply and demand. Gold is going up this week, but it will get hammered hard in a major correction. When Asian markets go down rapidly then the margin calls are met by liquidating Gold which is held as collateral. At selective times during the day, I will be shorting gold using short term moving averages to get in and out of the trades. Despite all of the talk to the contrary, we are still in the largest deflationary market that has existed in my 51 year old lifetime. My advice would be to buy gold after this impending correction, but not before. Gold target = $850.00. -w
Martin,
Thanks for an opportunity to comment. I do think the dollar will benefit as a safe haven. But I also think that increasingly people around the world will see that the dollar is no safe have either and turn to the only true money—gold. So in the future, I see a partial uncoupling between the dollar and gold so we will see a lot more positive correlation rather than today’s negative correlation.
I do not follow the crowd.When you said most people are investing in precious metals,I probably won’t.Following the crowd, in my opinion, is not the way to make money.You must make your investment before the crowd.
I have not traded currencies at all, limited knowledge. Found my fellow investor comments very interesting.
I have tripled my holdings in both silver stocks as they dipped down I bought today both physical and stocks. I am at 50 percent of my portfolio. The other 50 percent is in realestate. My hard assets have doubled in 4 years. My realestate has dropped 50 percent. Which do you think will happen in the newt 4 years. Just look a the PAPER dollar Your bet investment is to turn your paper to gold and silver while you can.
Hello again Dr. Weiss:
I have read about the play in currency pairing a strong and a weak currency to generate more profit. My understanding is to sell the weak currency and use the proceeds to invest in the stronger currency, e.g. pairing the yen with the Australian dollar or the swiss franc with the U.S. dollar. ETF’s offer a easy way to trade in currency and I might do some experimentation with limited sums of money.
I do not have anywhere near 10% of my assets in gold, but I did buy some MS 64 St. Gauden coins–three to be exact. My cost was approximately $1700. per coin. My experience has been that gold is very unpredictable and did stagnate for long period of time (twenty years before 2000). I bought several Kruggerands in the 1970’s and still have them.
I agree with your advice and prefer to spread my money over several asset classes.. I am reluctant to invest a major portion of my money in gold or any other asset exclusively with the exception of real estate. I have three homes and just recently purchased the third from a bank. I negotiated for seven months with them and made a good buy on a nine year old home on 1.5 acres in the mountains. I teach skiing at Breckenridge and ski frequently during the winter and the new house reduces my travel time by 50%. I bought the house for about 50% less then it would have sold for two years ago. The bank finally met my price offer after seven months. This is an asset that I can use personally.
Alan W.
Since currency ETFs are generally 1 to 1 there has to be a big move to make much of a change. I don’t expect there to be enough of move between currencies this year to get very excited about these ETFs at this time.
Have only one ETF and no currencies as don’t really trust ETFs and don’t understand trading currencies.
My, what nice comments to read. A real education.
We hold about 5% in foreign currencies through Everbank CD’s: Norwegian Krone and BRIC. Once in a while Everbank offers “principal guaranteed” FDIC backed CD’s which I suppose may have a higher commission than the ETF’s but have a ‘backstop’ built in. Gives us some tiny amount of diversification. It feels better to “own” something to me than to have an ETF in currency. Is that sentimental?
when cab drivers tout stocks, it is time to sell stocks.
and when they tout gold and silver, . . . ???
Martin: Years ago while in college aquiring knowledge beyond my intelligence in economics I learned a fact, real currency is Gold and Silver. Climbing the literate ladder in international economics and studying how individual countries balanced their printed currencies I realized how I could make some money. Trading currencies. Lost my butt. Know knowing the risk, yes ETFs spread the risk, have used but not now. Have traded Swiss Francs and Yen vs usd in the last two years, but not at this time. Just to scary. I put about 10% of my liquid protfolio at risk, trash can risk, like drilling oil wells. This is where I put my currency trades, in that 10%. This has been an interesting adventure reading your blogs. Don’t write as much as in the past, time is cruel. Now the cows are calving and that’s real “New” money. Like bill said “An ounce of Gold will buy a acre of Kansas dirt that will produce 30 to 60 bu of wheat, that also is real “New” money. Thanks
Happy trails Dr J
Martin
Kinda new to this but i went with Palladium i know Gold and silver look good and are moving somewhat but i think pal is the one to stay with
John
WHERE IS THE GOV’T SPENDING MONEY TO CURE UNEMPLOYMENT,, STATE BY STATE
HIGH TECH RAILWAY SYSTEM LIKE THE EURO RAILWAY IN EUROPE..
IT LOOKS TO ME THAT IRON ORE,, STEEL ,, COKING COAL,, WILL BE IN HIGH DEMAND
BUT NEVER TAKE YOUR EYE OFF THE POLITIC’S AND THE UNEMPLOYMENT FIGURES AND RETAIL FIGURES,,,, THE WOLF IS ALWAYS STOCKING YOU
AND GOD BLESS
UNTIL NEXT TIME
Jay was correct yesterday when he said that every major industrial country is inflating its currency. That makes everything relative, as well as the euro is going to tank as a result of the countries that cannot meet their committments. That puts us back to square one, the US dollar is king!
I am impressed by Michael Walker’s analysis, though I believe all central banks will make an effort to avoid deflation. If there is deflation the commodity currencies – AUD, NZD, loonie, will stagnate, but If the central bankers win these currencies should take off, especially the Australian dollar, which is tied to China’s development.
What Is Anyone’s Opinion on the new Iraqi Dinar? Is It About To Boom soon or just stay near the same for the next year or so and not be Re Evaluated like they been predicting for the last few years now! Who Has Any Ideas On This?
I invest in the Aussie mainly for the dividend albiet it’s much lower now.
While currencies and commodities (gold and silver) offer great opportunities, they are also cloaked in risk. Unregulated hedge funds and speculators like “to big to fail” Goldman Sachs, who can trade without position limits, are positioned to manipulate the market and prey on individual investors. ETFs may offer the size and skills to avoid the predatory banks and hedge funds, or they may just become corrupted and just be another leach on investor’s assets. What we need are honest and transparent regulated markets and that is not going to happen anytime soon.
i would love to invest in forien currenceys, but where does the money come from?
i work for wal-mart for over 7 years, they do not pay that good!
i invest what i can and pay more bills each year, somehow i never get ahead.
i do not agree with obamas methods.
Currency ETFs are a good way to be in the market if you know which currencies to buy. How do you determine this?
I am so eager to invest in ETFs, but not sure how to choose them and exactly what the risks are. My portfolio is primarily in annuities and some mutual funds. When you have saved every penny as carefully as possible (you think) for 30+ years, to take some of it out and diversify is tough. How do I start? Who can I trust?
I am very glad to have the currency ETFs. Had long wanted to opent a seperate Currency Trading acount, but kept putting off because paying attention to two seperate trading companies would bayond my capability. I would loke to see the ETFs spred out into a much wider range of countires currencdy.
We recently bought some of the US dollar (UUP) as a hedge against the decline in our gold investment (GDX). So far that seems to be working. We do think that currencies are another asset class which should be used to diversify a portfolio.
I am all ready retired 85 Y.O. but would not like this mandate.
Roy Cumbie
Currency trading or buying ETFs is simply gambling. The central banks and big international currency traders manipulate the market. Little guys such as us have no way of knowing who or what is “nugging” a particular currency today! We all know that the Treasury is printing money as fast as they can-around the clock. This will have the same watering down affect, OVER TIME; on the value of the money as would a company issuing more common stock. However, how much and how long it takes are variables that simply can’t be known.
I FEEL ONE HAS TO THINK OF ONE’S INVESTMENTS ON A GLOBAL CURRENCY
BASIS.the euro may have to fall which makes their stockmarket likely to rise as they become more competitive. the problem is that what one gains in the market you lose in the currency somewhat. I find that one has to play the currency offset via Futures ,forex or options . YES A currency ETF would accomplish the same result.
Mike dac
Currencey buying is nebulous to me.Only for the experts.
I’d really like to learn more about currency trading. I really need it simplified for me.
Hello Dr. Weiss and associates–
As per your question for today–I have no money whatsoever invested in currencies. I really do not understand that particular market very well–I probably would if I really studied it hard, but do not have the time in my busy schedule. It appears to me to be a little more risky, and I’m not in a position to add risk. I don’t have enough ‘discretionary funds’ to warrent playing the currencies. Now, if I won the lotto…..oh, wait, I’d have to play the lotto in order to win it :)….anyway, you get my point :) I did get a free several months worth of the currency updates–perhaps when I have the time, I can go back and study those, and then try a ‘pretend’ scenario with Monopoly money–That might prove to be fun! Anyway, my best wishes to those who do play it, but it’s just not for me.
Thank you again,
God bless you all,
Lisa R.
When the dollar turns south again I plan on buying some MEAFX – yuan 44%, HK 10.6%,Korea won 10.6%, yen 10.6%.
BUT, right now I am more worried about rumors that Obama and Congressional cohorts are looking at confiscating IRA’s and adding them to the SS deficits and giving my money back to me in little drabs monthly for the remainder of my life. Do you “buy” these rumors (ala Lee Bellinger)?
I think Ed hit the nail on the head. Trading currencies is a way to diversify but they carry a great deal of risk. Foreign currencies tanked in 2008 when the US markets crashed. The US dollar moved up as investors sought perceived safety in the world’s reserve currency. I have developed automated trading strategies for trading in the FOREX markets – had as many as 60 profitable trades in a row and then the strategy blew up. It is hard for the little guy to compete against the giant beasts that control these currencies. The commodity currencies will do well as long as the US dollar goes down. But, if the market tanks, people will rush to the US dollar as they perceive it as a safe haven. Nevertheless, I have about 7% of my funds tied up in Austrailian $, New Zealand$, Canadian$ and commodity CDs at Everbank. I still believe precious metals are a good long term investment. If you trade currencies, you really need an advanced knowledge of these markets, and /or an advisor that monitors the currencies, frequently.
well guys,i think it is time to reform this great nation of ours in order to stay strong and a leader of the world for the next 100 years.first, to get a jump on consumer spending i think our president should sign an executive order to forgive consumer debt over 10 years thus allowing their credit to clean up.second,it would solve labor,social security,and the immigration problems we have.wall street will skyrocket with investors both domestic and foreign.tourism will boom like it never did before,if,if we can only negotiate the purchase of Mexico.
I have about 16% invested in foreign currencies, either in direct investmentys in foreign stocks in foreign currencies, or foreign currencies, like Australian, Canadian Norway,
Singapore.
G
Martin,
As time goes forward, the demand for silver is outstripping the supply. Shares and ETFs in silver can only appreciate with time.
IMHO Currency trading is for the experts, so in 2006 I put $15,000 in Merk Hard Currency Fund; currently just over $19 K. This “seeks to profit from depreciation of U.S. Dollar”, but what about when $ going up? Merk has apparently added a new fund that seeks to “profit regardless of the direction of US $”. I though that was what original fund was suppose to do. They also have an Asian fund, so be careful of which fund you buy if you deal with Merk. IF there was a notice of adding funds, narrowing perspective etc. it was in very fine print, no letter pointing this out, etc. ; there-fore, I feel not client oriented. Any recommendations on another fund? M.E.
Sharebuilder.com/Ing has articles about stocks, precious metals,. The last article said Silver wasn’t doing as well as it was thought it would, even with all of the more practical uses it has than Gold. Etf’s (Exchange traded commodities), might be the best bet, but to me logically, I would avoid any Fund of stocks ( maybe even commodities), because of the erratic economy. One down sliding Stock could pull down the rest of the group.
Currency ETF’s are definitely of interest
Currency trading between USD and Canadian Dollar is very important. In the past I have
invested money in US stocks. But any gains that I made in USD can be wiped off on exchange rate. We Canadian must preserve our position in Canadian Dollar.
It is very important for us , if we want to trade in US Stocks, to understand the know how of currency trading.
Currencies strike a nerve for me! It seems to me they can provide huge profits AND losses if you are unsure about what you are doing (or what governments are doing). If I had the time to study it thoroughly, I would put all my money in currencies.
I’m not bullish on gold. It’s my experience to balance your portfolio, as most everyone suggests, but I look for accounts that have earned modest amounts for you, cash them in and find accounts that are triple x dividends at the end of each month, buy them 2-3 days before and cash in those. I find most of them are paying 6-7 percent. That’s adequate to sustain staying ahead of inflation. Right now utilities and smaller regional banks are in these categories.
RE CURRENCY ETFs – I held several in the past (yen, Swiss franc, Australian) and did OK, but could not seem to understand what was going on in the currency world.
What I need is some guidelines by category of investor…..
For instance, I would fit into a catetory of “Retired; moderate means.
Home mortgage paid; zero debt.
Emergency cash fund.
Pension and social security income cover living expenses.
Only investments in a modest-sized IRA, self-managed.”
I have spun my wheels for years trying to find a good mix of investments for me, but it continues to elude me. My first goal is to make enough in the IRA to actually replace the required withdrawal, like I used to do; and then, hopefully, to exceed that.
I need a broad outline, with plain talk about what is financially sensible for my category; a model portfolio to follow; and timely flash alerts!
Thank you again for the excellent work you all do at Weiss.
EVERY TIME I HAVE INVESTED IN STOCKS OR MUTUAL FUNDS I HAVE LOST MONEY !!!
SO, NOW, SHOW ME HOW I CAN INVEST AND “EARN” MONEY !!!!!!!
Martin; An update on my comments Monday. Looking at the May futures chart for silver it looks to me that silver will rally up to around 17.1 followed by a down leg to 15.5 area. This will be around the 65 week moving average. If it goes thru this level it could get to the 13.0 level. That could be the time to buy because the long term trend is up. Todays chart is looking a little toppy and I have a projected turning point for today February 2, 2010. The next turning point I have is February 18 which may be time to buy.
china will be the rising power of the future and with that the demand for raw materials must be met. The etfs ewa ewc ewz epu give you more balance than just a straight commodity play alone and then add commodities keeping a fair amount of cash. Iam sorry for the america i once new for this is going to be rough ride for some time to come
The word is the U.S. dollar will crash toward the end of the year and that could mean Gold will skyrocket. I am a gold fan.
Hello i’m just commiting on your question in reference to commodies, My portfilio pertains 30 to 40 % in commidies. The stocks i invest in is 1. Archer Daniels(ADM) 2.Corn Products(CPO) 3.Deere & Co.(DE) 4.Joyglobal inc.(JOYG) 5.Kinross Gold(KGC) 6.Origin Agritech Limited(SEED) 7.China green Agri(CGA) 8.Agfeed industries(FEED)9.Spdr Gold Trust(GLD)10.Natural Resources(NRP)11.Permian Basin Royalty9PBT)12.PswaterResouce(PHO)13.United States Oil(USO) IF there’s any changes that need to be made please inform me of that.
Thanks: Kenneth Curry
i love currency trading and agree etf, a better way to trade them. options are trickey and far out , not available. or to costley.
Hi Martin & Team,
Thanks for all that you do. I have never traded currencies because the Forex seems too complicated and risky. However I certaintly believe that there is alot of money to be made. I often trade ETF’s and have done well. A service of recommendations on currrency ETF’s would certainly be most welcomed.
I was primarily sold on your service after watching the video on Timimg the Cycles. I have discussed this information with others however obviously cannot do the information justice. Can the video be purchased or is there any plans for re-airing. Again Thanks Dani
I feel very safe with EverBank’s Aussie CD and their Norge Krona. I am up about 24% this year they tell me. I like the currencie ETF’ also. Since I believe gold will take a dive when we have the next sharp market correction I lightened up there and took positions in FXA which pays a .22069 dividend or about 112 US per mo. (500) shares. I am heavy in the other energy currency BZF, as you know is the Brazilian Real because it gives much more bang for the buck @ .28548 or about 400 mo. on 1500 shares @ app 25 dollars a share. I believe in the long run, additional profits shall be realized as they raise rates and appreciate over the long term falling dollar. After this over sold market corrects, I shall return heavily into gold Not now since the “uninitiated” always throw the baby out with the bath water!
Sam
I am bullish on currencies, especially the Brazilian Real. While I am at it, Brazilian government bonds are the greatest idea I have heard in a long time (since Ford at $1.60), but I have not figured out how to buy them.
Detailed purchase tips on both currencies and bonds are greatly appreciated
I have no ETFs yet, but am seriously studying them for both currencies and country specific funds. For currencies, I currently like Australian and Brazilian currencies.
My plan calls for 20% of my Speculative (ETF) Account.
I had a 401K plan once or twice one was good the other was tied to the value of the company’s stock and very bad. I do not have any currency from any country and think its risky. I am planning to invest in a few energy stocks in the US and Brazil.
I do not like the IRA retirement plan as suggested by this current administration.
My father use to say when everyone is getting in that is not the time to invest in that particular stock. When something is high sell when it is low do not.
Thankyou.
Margaret
I have all my 401k investments in Fidelity, currently heavily invested in government securities of all maturities and some international mutual funds. How do I invest in EFT’s and Precious Metals through Fidelity? My biggest investment hang-up, being a sort of newbie in the investment front, is HOW and WHERE to invest my 401k money. I am interested in the options you suggest, but don’t know where to buy using my long-term “can’t touch without penalties” money. I receive so many investment newsletters that I’m only confused even more. Please help with definitive options on the LOGISTICS of what I need to know. Thank you.
I am already in etfs in precious metals silver and oil I also own gold shares in a Aussie mine, jim slater family owns 4% of the mine thats my margin of saferty.
Terry
Brazil & Korea have bought bucket loads of US debt- does this mean their economies will suffer when or even now, USA cannot meet its debt?
No, I DO NOT believe what Pres. Obama has to say since HE has lied to the American
public for far TOO LONG now.
Sure wish I’d had some dollars in my portfolio today! But, at lease I did have outs on both s&p 500 and outs on gold. Made out good for a one day wonder!
Jim Glassmoyer
Yes, currencies have a place in portfolios.
Dear Dr. Weiss
I have never dealt with currencies, but i have noticed that they are often seasonal as with the US $ and Canadian $.
I suspect that gold will reach a climax towards the end of 2010. I gather that platinum is 35 times the price of gold so this metal is likely to rise in the near future.
Regards
John G.
I would like to invest about 30% of my portfolio in currency ETFS. Hope you can make it easy.
we would like some recommendations on currency ETFs
Greedy and reckless goverments all over the world including china have destroyed their real estate markets. The debt levels are off the charts. The stimulus packages in china and the the US have only prolonged the crisis and set the stage for the next crisis. Anthony-GOD BLESS
I think after the current correction US$ will rise against world’s major currencies. does anyone disagree with me? pl. give reasons