Business Insider reported on three ETFs to invest in following Nouriel Roubini’s prediction that a “perfect storm” of economic disaster is coming in 2013.
As quoted in the market news:
Precious metals have demonstrated their ability to take on safe haven appeal when clouds of uncertainty gather over the market. The appeal behind investing in this corner of the commodities market is fairly straightforward; precious metals are known for preserving capital over the long-haul as well as offering a hedge against rising prices, two “risk off” characteristics that can thrive when volatility strikes on Wall Street.
GLTR is physically-backed, effectively steering clear of the nuances associated with futures-based commodity products. Each share of GLTR holds a basket of gold, silver, platinum and palladium in fixed weights: 47.6% of gold, 40.3% of silver, 7.3% of platinum and 4.8% of palladium.