Today is another ‘sit-on-hands’ day as prices for ETFs that track metals and miners continue to run up. So I might as well post the watch list I use to.
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That’s a lot of choices. Any you’re particularly fond of?
Goofy,
Actually, that’s a very short list compared to how many ETFs there are that track metals and/or miners. E.g., it doesn’t include ETFs that are leveraged or are inverses. None of them are “favorites”. But those with broad coverage would be more useful to most investors who give scant attention to the asset class but would like to have some exposure in their portfolios other than by using individual stocks.
A question I’ve asked before is this, “Is gold a currency or a commodity?”
Clearly, it’s both, as is silver. If the former, then what will be the impact on the $US dollar of global central banks now buying gold by the ton instead of rolling over the Treasuries they used to hold in their currency reserve accounts?
If silver is a metal important to the solar panel industry, the EV industry, electronics generally, and the MIC for building its toys, and if China is now banning exports, and if total industrial demand exceeds new supply from mining and recycling, then where will the price of silver go?
20 or 30 years ago when I’d attend the Money Shows and listen to the gold bugs make their pitch, I was never convinced. These days, they’re making more sense.
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