I am not licensed to give advice in how to invest or manage your money. I am giving my opinion and this is how I am investing, for my own portfolio. Always consider your own decisions carefully.
My Portfolio
I’m holding on to Gold (physical and ETF’s), Silver (physical and ETF’s), Lumber, and I have money in a few other currencies. (new commodity index added May 3rd, I’m heavy into USCI, which is a collection of all commodities so I don’t have to worry about picking the right commodity as I’m not an expert in each field)
For Physical Gold/Silver, personally I’ve been using APMEX.COM
The ETF’s I’ve been buying is:
Ticker GLD for Gold (GLDM is a good gold index that’s cheaper)
Ticker SLV for Silver
The lumber company I’ve gone with is Weyerhaeuser (Ticker WY)
To hold other currencies, I like WISE.COM because they can (among other things) serve as a bank account in another currency. It is the easiest way to hold other currencies I’ve found.
There are fee’s to convert to the currencies but that’s pretty common and
their fee’s are pretty good.
I went with Australia and New Zealand because they handled COVID well, have fairly low debt levels and their import/export items and recipients seem solid (I am *no* expert on trading or valuing currencies so I welcome any input in the comment section below).
I have a little concern about Australia because of the issues with the fires
last year and it seems their housing bubble is as bad, or worse than the
US but they don’t have the “money printing” problems America has and
an otherwise solid economy.
I also have some money in currency ETF’s:
Norway’s currency (NORW) and South Korea’s currency (EWY).
I bought them in October of 2020 but I’m not as confident in them now. Norway and South Korea handled COVID well and have low debt but one of Norway’s biggest exports is Oil and I fear there is an Oil Glut that hasn’t been resolved (the prices don’t indicate it but I’m avoiding oil) and I’m hesitant to go more into South Korea’s currency because one of their biggest exports is technology (integrated circuits, machinery, ect …) and there is a global shortage on semiconductors. I am not familiar with the details enough to know if this will be good for them or bad for them or how significant this will be for them.
The reasons for my investments coming soon …
ATC 