7 ETFs To Invest In If You Think Schiff Is Right

There are a few ETFs offering exposure to the Canadian economy -- EWC is the most popular -- but this small-cap focused fund seems to be a better fit with Schiff's investment thesis. EWC's largest sector allocation is to financials, while CNDA's biggest weightings are to industrial materials (54%) and energy (17%). For investors looking to tap into the resource-related corner of the Canadian economy, CNDA is an interesting option.

IQ Small Cap Australia ETF(KROO) Australia is another resource-rich economy Schiff mentioned as a potential option in this environment, and again there are multiple equity ETFs offering exposure to this market. Again, it's the small-cap ETF that maintains more significant exposure to the commodity-intensive corner of the market; the MSCI Australia Index Fund(EWA) maintains its biggest allocation to financials, while KROO is heavy in industrial materials and energy.

Emerging Markets Metals & Mining Index Fund(EMT) Along with resource-rich developed economies such as Canada and Australia, Schiff has a preference for emerging markets. "Don't own Treasuries or bonds," Schiff said recently. "Invest in the economies that are doing it right. Invest in emerging markets -- Southeast Asia, China."

EMT offers an opportunity where emerging markets and commodity-intensive firms overlap; this ETF invests in the largest publicly traded mining companies involved in industrial and precious metals exploration, extraction and production within the emerging world.

WisdomTree Dreyfus Emerging Currency Fund(CEW) Schiff's forecast for the U.S. dollar is clearly very grim, and this fund offers a way to bet on a decline in the greenback's value relative to a basket of emerging market currencies. CEW seeks to achieve total returns reflective of money-market rates in selected emerging market countries available to foreign investors and changes to the value of these currencies relative to the U.S. dollar.

CEW is an actively managed ETF; a basket of eight to 12 currencies is selected on an annual basis. If Treasuries are indeed in a bubble, CEW could be set up to soar.

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