Hard Money, Soft Dollar
T-R3x3r@tr3x3r
−0.1%
since Oct 1
The idea
I believe the US economy outside big tech is weaker than most people think, the consumer is stretched, and that strain surfaces eventually alongside a falling dollar, sending money into hard assets. This basket leans mostly on physical gold as the anchor, adds royalty companies for mining exposure with less blow-up risk, a small slice of sturdy producers, silver and platinum for extra torque, and direct weak-dollar funds. I keep 12% in cash to add into the panic if this view plays out, and I'd rethink it if the dollar and consumer data actually stabilize.
What it owns
- Physical gold offers the purest exposure to the metal as a store of value during currency stress. · SPDR Gold MiniShares TrustIt is one of the cheapest ways to own physical gold and serves as a core holding for exposure to the metal., iShares Gold TrustIt provides a second large physical gold fund to diversify the bullion core across different fund sponsors., Sprott Physical Gold TrustIt holds gold allocated to the trust and vaulted, offering the safest form of direct metal ownership.42%
- These companies collect a cut of mine revenue, so they capture upside from rising gold prices without bearing the full operating costs miners do. · Franco-Nevada CorporationIt collects a stream of revenue from mining operations without owning mines, so it benefits from rising gold prices without miners' cost pressures., Wheaton Precious MetalsIt buys future production at fixed prices and collects a spread, gaining from rising precious metals prices with lower operating risk than miners., Royal GoldIt is the most gold-focused of the large royalty companies, collecting revenue directly tied to gold production volumes and prices., Osisko Gold RoyaltiesIt is a smaller, faster-growing royalty company with potential to revalue if gold prices extend higher and its royalty pipeline matures.18%
- A small allocation to established gold producers provides direct leverage to the gold price while limiting exposure to mining-specific operational risks. · Agnico Eagle MinesIt is a large, well-managed gold producer held small to capture leverage to gold prices while limiting single-company mining risk., Newmont CorporationIt is the world's largest gold producer and typically attracts large capital flows during periods of strong gold appreciation., Sprott Inc.It manages physical precious metals funds, so its revenue and profits grow as inflows into hard assets increase., Barrick Mining CorporationIt owns some of the largest and longest-lived gold mines globally, providing direct leverage to gold price appreciation.11%
- Other precious metals tend to move with gold but often with larger swings, broadening the hard-asset exposure. · iShares Silver TrustIt tracks silver prices, which historically move wider than gold in both directions, amplifying hard-asset exposure., Sprott Physical Silver TrustIt holds silver allocated to the trust and vaulted, offering the safest form of silver ownership., abrdn Physical Platinum Shares ETFIt provides exposure to platinum, which is historically cheap relative to gold and offers diversification within precious metals.10%
- These funds gain when major currencies strengthen against the dollar, expressing a direct bet on currency weakness independent of metal prices. · Invesco DB US Dollar Index Bearish FundIt rises when the dollar falls against major currencies, expressing currency weakness directly without relying on metal prices., Invesco CurrencyShares Swiss Franc TrustIt gains when the Swiss franc strengthens, capturing the safe-haven flow that tends to accompany loss of confidence in major reserve currencies.7%
- Cash12%