Invest in a silver mining ETF during uncertain times
The current stock market turbulence has many people nervous about the current economic climate. I have been considering new ways to diversify my holdings away from stocks and mutual funds. I was reading an article that indicated that in uncertain times it is a good idea to diversify into precious metals or gold. This is also considered prudent in times of inflation. The challenge is to come up with the right approach that does not involve owning the physical product or purchasing futures. Buying futures is very risky and if you are risk adverse the volatility can create alarm. One great idea I recently stumbled upon is the idea of using exchange traded funds. For instance, I can purchase a silver mining ETF in the same way that you can buy and sell shares on the exchange. It seems like a great way to diversify and gain exposure the price of silver.