Weak currencies and low interest rates have sent many investors into hard assets like gold and silver. Often referred to as the “poor man’s gold” because it’s generally cheaper to buy, silver has outperformed the yellow metal so far this year. The SPDR GLD Shares ETF (GLD) is up 22 percent year-to-date, while iShares Silver Trust ETF (SLV) has returned 51 percent. It may be tempting to buy into the commodities rally now, but Francisco Torralba, economist at Ibbotson Associates, says he sees a bubble in both gold and silver.
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