The best investing apps of 2023 for ‘once-in-a-generation’ opportunities (even if you’re a beginner)<\/a><\/p>\nGold<\/h2>\n
Schiff has long been a fan of the yellow metal.<\/p>\n
\u201cThe problem with the dollar is it has no intrinsic value,\u201d he once said. \u201cGold will store its value, and you’ll always be able to buy more food with your gold.”<\/p>\n
As always, he\u2019s putting his money where his mouth is.<\/p>\n
Euro Pacific Asset Management\u2019s latest 13F filing shows that as of Sept. 30, Schiff\u2019s company held 1.655 million shares of Barrick Gold (GOLD), 431,952 shares of Agnico Eagle Mines (AEM), and 317,495 shares of Newmont (NEM).<\/p>\n
In fact, Barrick was the firm\u2019s top holding, representing 6.8% of its portfolio. Agnico and Newmont were the third and sixth-largest holdings, respectively.<\/p>\n
Gold can\u2019t be printed out of thin air like fiat money, and its safe-haven status means demand typically increases during times of uncertainty.<\/p>\n
Recession-proof income stocks<\/h2>\n
Dividend stocks offer investors a great way to earn a passive income stream, but some can also be used as a hedge against recessions.<\/p>\n
Case in point: The second-largest holding at Euro Pacific is cigarette giant British American Tobacco (BTI), accounting for 5.3% of the portfolio.<\/p>\n
The maker of Kent and Dunhill cigarettes pays quarterly dividends of 73 cents per share, giving the stock an attractive annual yield of 7.01%.<\/p>\n
Schiff\u2019s fund also owns over 157,766 shares of Philip Morris International (PM), another tobacco king with a dividend yield of 5.1%. The Marlboro cigarette producer is Euro Pacific\u2019s seventh-largest holding with a portfolio weighting of 3.5%.<\/p>\n
The demand for cigarettes is highly inelastic, meaning large price changes only induce small changes in demand \u2014 and that demand is largely immune to economic shocks.<\/p>\n
If you\u2019re comfortable with investing in so-called sin stocks, British American and Philip Morris might be worth researching further.<\/p>\n
Those looking to take control of their investments should certainly explore online trading platforms. The best sites offer resources and tools to help investors make informed decisions as they build and manage their investment portfolios.<\/p>\n
Agriculture<\/h2>\n
When it comes to playing defense, there\u2019s one recession-proof sector that shouldn\u2019t be overlooked: agriculture.<\/p>\n
It\u2019s simple. Whatever happens, people still need to eat.<\/p>\n
Schiff doesn\u2019t talk about agriculture as much as precious metals, but Euro Pacific does own 124,818 shares of fertilizer producer Nutrien (NTR).<\/p>\n
As one of the world\u2019s largest providers of crop inputs and services, Nutrien is positioned solidly even if the economy enters a major downturn. In the first nine months of 2022, the company generated record net earnings of $6.6 billion.<\/p>\n
Nutrien shares went up about 4.78% in 2022, in stark contrast to the S&P 500\u2019s return of -19.44%.<\/p>\n
Given the uncertainties facing the economy, investing in agriculture could give risk-averse investors peace of mind.<\/p>\n
What to read next<\/h2>\n
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.<\/em><\/p>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u2018The world\u2019s largest Ponzi scheme\u2019: Peter Schiff just blasted the US debt ceiling drama. Here are 3 assets he trusts amid major market anxiety A ticking time bomb in the U.S. economy is running perilously close to detonation. Long considered a harbinger of bad luck, Friday, Jan. 13 came with a warning for Congress that …<\/p>\n","protected":false},"author":1,"featured_media":45171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/45170"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=45170"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/45170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/45171"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=45170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=45170"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=45170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}