yapp

Yet Another Paper Portfolio (YAPP)

This should be easy - all ETFs but pretty diverse. Assumes that gold, gold miners, silver and agriculture will be fine, especially if there is inflation in the next few years. Canadian currency is based on a commodity economy and the government is generally honest. The Chinese are likely to be the long-term winners when most or all of the current economic mess in the West gets settled. The US TIPs should be ok but the US might try to wiggle out of these somehow. As an after thought, having no US stocks or industries was going too far, so the oil and gas equipment and services ETF is now included. Still heavy on gold and silver so expect another adjustment.

ETFs - gold, gold miners, silver, agriculture, Canadian currency, Chinese stocks, US TIPs, oil & gas equipment and services

• DBA 24.44 POWERSHARES DB AGRIC
• FXC 83.00 CRRNCYSHRS CAN DL TR
• FXI 32.92 ISHARES TR FTSE INDX
• GDX 33.72 MKT VECT GOLD MNRS
• GLD 87.74 SPDR GOLD SHARES
• SLV 12.57 ISHARES SILVER TRUST
• TIP 101.94 ISHARES BARCLAYS TIP
• XES 20.98 ST SPDR O&G E&S ETF
  

2009.4.15 suggestions from Fred Hickey's High Tech Strategist newsletter. With interest rates near 0% and inflation likely, this is not the time to be doing shorts. Also, there has not been capitulation to the traditional valuations usually associated with a bear market bottom. For comparison, using current position in income trusts as the benchmark.

S&P Price Earnings Ratio 55.45
10-year US Government T-bond 2.82
Gold $876.20

Jim Grant speaks about everything financial, including gold and inflation - a really smart guy.
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