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.

Plus, the soft Q4 GDP report for the U.S. and renewed concerns over the global financial sector marred the possibility of frequent rate hikes this year. This has taken the shine off the greenback and has helped the precious metals to soar (read: ETFs to Rise if Dollar Falls).

Within the entire collection, gold has held the ascent with gold bullion ETF iShares Gold Trust (IAU) advancing 17.6% so far this year (as of February 11, 2016). Physical Silver Shares (SIVR) which looks to reflect the price of silver bullion has added 14.4% this year followed by the 7.8% jump in the platinum ETF Physical Platinum Shares (PPLT) (read: Gold ETFs Regaining Their Glitter).

Given this bullish trend, investors can take a look at the following ETFs to make this Valentine’s Day memorable plus valuable (read: 6 ETFs for February). 

iPath Bloomberg Precious Metals Sub TR ETN (JJP) 

The $7.2-million note looks to reflect the returns of an unleveraged investment in the futures contracts on physical commodities comprising the underlying index and the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The index has 75% weight in gold while the rest is invested in silver. The product charges 75 bps in fees and is up 18.4% so far this year (as of February 11, 2016). The note has a Zacks ETF Rank #3 (Hold).

PowerShares DB Precious Metals ETF (DBP) 

The $108.5-million precious metal fund invests 80.6% of its assets in gold and the rest in silver. The product charges 78 bps in fees. DBP is up 16.7%.

ETFS Physical Precious Metal Basket (GLTR) 

The $157.5-million fund reflects the performance of the price of a basket of gold (60.67%), silver (28.05%), platinum (6.18%) and palladium (5.09%) bullion. The fund charges 60 bps in fees and has added 14.1% in the year-to-date frame (as of February 11, 2016).