Palladium. ETFs, bullion, futures. Look at the current price and chart Lookup palladium on wikipedia and see the uses...
Rhodium is down about 85% from july. Its starting to look like a buy. Was 10,000 per ounce in july. Now its around 1600 or so. If it ever gets to 500, I would stockpile it because its almost guaranteed to go up 4 to 10 fold within 5-10 years as Rhodium always has great fluctuation over a long period of time. If you buy at the right time, ever since the 70s it would always go up at least 4 fold and then come down 80 or 90% and then go back up and down.
I'm wondering how safe these are since there are credit swaps used to implment the positions and rely upon counter parties for contractual performance. I'm reading the prospectus and the risks inolved include ProShares UltraShort Lehman 7-10 Year Treasury is subject to the following principal risks: ⢠Aggressive Investment Technique Risk, Correlation Risk, Counterparty Risk, Credit Risk, Debt Instrument Risk, Interest Rate Risk, Inverse Correlation Risk, Investment Company and Exchange Traded Fund Risk, Liquidity Risk, Market Price Variance Risk, Market Risk, Non-Diversification Risk, Portfolio Turnover Risk, Short Sale Risk and Valuation Time Risk.
Indeed. Gold ETFs carry similar risks. In my opinion I think that the ETF explosion is a bit worrisome.
It also depends on how you define safe-haven. A safe-haven doesn't necessarily help you grow your wealth, but rather puts it into hybernation until the storm passes. People who held DM during the Weimar lost it all due to hyperinflation. Those who had property watched it drop dramatically in value during the 30s, however, they were able to recover their wealth during time of expansion (i.e. 1950s in Germany). But it can a long time to recover it!