I can’t tell you exactly what will bring it about. Or exactly when it will come about.
The folks who make those claims tend to be the same folks who make tons of claims… so they can tout the few that come through after the fact.
There’s a reason no one ever recommends timing the markets. You can’t do it with any sort of reliability — no one can.
But there is something anyone can do. Quite simply — look back at history and realize markets move in cycles.
Highs are always followed by lows. Bulls are always succeeded by bears.
And when you’re in the midst of the longest bull run on record — fueled by the longest economic expansion in history — you know you’re closer to the end than the beginning.
So I’m not going out on a limb when I say a correction is coming.
It’s taking longer than anyone expected — probably because while the economy has technically been growing for over a decade now, that growth was pretty anemic for a while.
But don’t get bogged down too much in the timing. That kind of discussion helps fill airtime on financial cable… but it’s irrelevant when you’re making your own plans for your money.
To do that, you just need to know what the next step in the cycle will be. And how you can prepare for it.
From where we’re sitting, the next step will be a correction. Likely a big one, with a big crash, after such a long period of expansion.
What can (and should) you do today to prepare for it?
The Alternative Alternatives
When it comes to preparing for downturns, nothing has as long or strong a history as precious metals.
Indeed, gold and silver are so useful at backing up wealth during a downturn, most model portfolios recommend you keep around 5% of your money in precious metals at all times.
That’s good thinking. After all — if timing the markets is a fool’s errand — you should always be prepared.
The one downside to this, though, is that the price movement of gold and silver is somewhat blunted during downturns.
After all, if a lot of people already own the stuff, there just won’t be as much buying when calamity hits. Plenty of folks will just sit on the sideline and watch their precious metals rise.
That’s all fine and good. (And if you don’t have gold and silver in your portfolio yet, it’s time you caught up with the program.)
But to really take advantage of a downturn… you’ll want to have some alternatives to the alternative investments that gold and silver already represent.
You want to have commodities that will be even more responsive to changing conditions — reliable stores of wealth that aren’t owned by most people.
In short, you want the other precious metals.
You want platinum and palladium.
Worth More Than Their Weight in Gold
It’s said that if you gathered all the platinum that’s ever been mined in the history of the world… and put it all in one place… you’d have trouble filling an average-sized living room.
And there’s 15 times as much platinum in the world as palladium.
In other words, this stuff is rare. It makes gold and silver seem like they grow on trees.
And believe it or not, both platinum and palladium are in high demand. Whatever electronics you’re reading this on, it’s got one or both metals in it.
Both metals are also essential for auto manufacturing — and becoming more so as cars get smarter and smarter.
Fact is, demand for palladium has shot up more than 40% over the past couple years. Shortfalls are expected in the best of circumstances.
And if we get a downturn and regular investors start to pour into these alternative precious metals, those shortfalls will be even more severe.
Oh — and palladium is already outperforming both gold and silver… even before we hit its most favorable conditions.
Meanwhile, platinum prices could shoot through the roof literally overnight.
In addition to sharing many of the same traits as palladium, platinum largely comes from one source: South Africa.
Should anything happen to the mines in that increasingly volatile country… should anything happen to international trade in this increasingly volatile world… platinum prices could spike so much early investors could retire happy.
That’s why I’d recommend you get into these two alternative alternatives as soon as you can.
I don’t know exactly when this investment will pay off.
But it will pay off.
You just have to get in now.
Editor-in-chief, Unconventional Wealth
P.S. Platinum and palladium may feel like exotic metals, with no easy way to trade them.
Well, you’re half right. They are relatively exotic.
But trading them is exceptionally easy.
In fact, our good friends and partners at Hard Assets Alliance offer both platinum and palladium on their platform. Buying (and selling) the stuff is just as easy — just as protected and safe — as doing the same with gold or silver.
You don’t have to worry about learning any new skills or signing up for any limited-use websites. Instead, just use your current HAA account. If you don’t have an account, you can open a free one and get started trading all types of precious metals here.
Ryan Cole is the editor-in-chief of Unconventional Wealth. He’s been covering the alternative investment space for nearly a decade and writing about finance and investment for almost 20 years.
Ryan has walked the walk for years, living a very unconventional life. He’s led snowmobile tours through the mountains of Colorado, settled in Japan for five...