ETF Database submits: Thanks to increased worries over the fiscal health in a variety of developed markets, many investors have sought to protect their portfolios from declining fiat currencies by buying up commodities. In response, a host of ETF issuers have created a variety of new products allowing investors to establish exposure to precious metals, including both commodity-specific funds and physically-backed products offering exposure to multiple precious metals.
The list of finalists in the running for “worst performing asset of the year” is topped by gold, silver and the companies that mine them.
No, 2013 was not kind to precious metals. Gold’s down more than 26%. Miners are off by more than 52%. It’s a bloodbath, to say the least…
However, not all precious metals have both feet in the gutter. In fact, there’s one metal we’ve been tracking that looks like it is setting up for a strong 2014.
It was not enough for China to buy JPM's landmark former downtown Manhattan headquarters, once the stomping grounds of David Rockefeller and the current location of the firm's massive, and arguably largest in the world, gold vault (which, as Zero Hedge first demonstrated, is located just next to gold vault of none other than the NY Fed).