Silver, wine, art and gold – or SWAG – may be the solution for investors looking to protect their wealth in the coming years according to perceptive Reuters Columnist, James Saft.
In an interesting article and an interesting video for Reuters, Saft coins the term “Investing 201” which means having SWAG in your portfolio in order to protect investors from “a grim decade of money printing and financial repression.”
SWAG, as in silver, wine, art and gold, are real assets that might just outperform if official policy causes the money supply to surge according to Saft.
This is the idea of Joe Roseman, who says SWAG will do very well over what could be a very troubled next decade.
“These assets effectively act as a money supply index tracker,” said Roseman, who for 16 years was a money manager and economist at Moore Capital, run by the legendary Louis Bacon. “If the authorities are going to bail themselves out, money supply will expand. Every single time governments have been here, this is exactly what they have done.”