In discussion with my financial market man Graeme at Brewin Dolphin, one thing you have to learn this is not a 100 metre sprint, but a marathon, a roller coaster journey, but in this case, hopefully a lot more climbs then drops 🙂
“If the two largest economies in the world were too seriously fall out then the ramifications would be felt all around the world and all stock markets would fall. We are however hopeful that given that the US have an election on the 4th November, President Trump will do his best to control tensions as he definitely needs a good stock market if he has any chance of retaining power, which at the current time according to the polls looks unlikely.
I have bought for your portfolio today a new holding of a physical silver exchange traded commodity fund. This should be negatively correlated to equity markets therefore offering some protection if the US, China situation significantly deteriorates from here. I have chosen silver rather the traditional hedge into gold as it is our opinion that it offers better value.”
I have to admit, it does annoy me, that my future and virtually everyone’s future is controlled by a country that we have no control over or can vote in 🙁
