A slowing global economy may have barred investors from splurging, but is unlikely to hold back lovers from celebrating Valentine’s Day. If you go by the recent data provided by the National Retail Federation earlier this month, we will likely end up seeing Americans spending about $19.7 billion for this Valentine’s Day, up about a billion dollars from the historic projection for 2015.  

Needless to say, a big share of this spending will go to candy, teddy, flowers, wine and champagne makers. But if you are still looking for some other gift ideas, we have one for you.

Our idea will help you win over your sweetheart by a traditional way besides offering sweet financial returns.

What’s Hot & Not This Valentine’s Day?

Chocolates may lie at the crux of the event, but this year cocoa – the key ingredient of chocolates – is a boring bet from an investing point of view. Two cocoa ETFs, namely Dow Jones-UBS Cocoa Total Return Sub-Index ETN (NIB) and Pure Beta Cocoa ETN (CHOC) are respectively down 13.8% and 13.2% so far this year (as of February 11, 2016). Weather-related woes mainly have kept its returns at check.

So, better forget cocoa this Valentine’s Day and buy your sweetheart some precious metal ETFs instead!

Buy Sparkles of Precious Metals 

What could be better gifts than a diamond or a platinum ornament or cufflinks for your beloved? However, these are pricey pieces that very few can pay for. But you can always buy precious metal ETFs for your loved ones, at a reasonable rate.

Plus, the timing of a surge in these precious metal ETFs has coincided with Valentine’s Week. The products hold decent potential for the near term, mostly due to compelling valuation and a moderate demand-supply perspective. As a result, these ETFs can be ridden a little further as the market is now in completely in the hold of safe-haven assets (read: January ETF Asset Report: Safe Havens Rule). 

The precious metals bounced back to start 2016 due to a spike in volatility emanating from the Chinese market rout, overall global growth worries and nagging oil price declines. Since these metals serve as safe haven assets, a flight-to-safety brightened the appeal.