One factor I am attempting to do is hedge my bets — selecting investments that transfer in the other way of what I already personal — to convey extra variety and stability to my portfolio. With the Federal Reserve dedicated to conserving rates of interest low till the economic system absolutely recovers, I am not discovering alternatives within the bond market, so I’ve turned to a different space for my first buy of the 12 months: precious metals.
Ah, gold and silver… the lustrous metals that glisten so brightly on my fingers and wrist and cling impressively round my neck. I’ve determined it is time for them to make my portfolio glisten within the type of mining firm SSR Mining (NASDAQ: SSRM).
SSR’s enterprise is the exploration and growth of valuable metals, together with gold, silver, and different minerals, that are obligatory for quite a few industries, together with dentistry, electronics, coin making, and, clearly, jewellery. As our authorities and its worldwide counterparts proceed including extra stimulus cash to the economic system, the worth of the greenback will drop, however inversely, the worth of gold will improve, together with (hopefully) my funding.