I get information from another great web-site in where this person says we should look to sectors that will do well regardless of inflation.  He suggested we look at food companies, oil, oil service stocks, fertilizer stocks, ag equipment makers, steel, precious metals, foreign currencies, utilities and commodities.  He went on to say that it does not make sense to own a mutual fund over an ETF because of the fees of mutual funds and also with ETF's you have liquidity, and you have the immediate ability to buy, sell, short or trade options on any sector at any time. 

Other than 2 ETF's he listed, I wasn't really impressed with any of them and most of them did not have a long enough track record to tell.  What I did find in my own research were two mutual funds that I really like.  I found USAGX as a specialty precious metals fund with a 1.21 ER and also VGENX specialty natural resources with an ER of .25 which have done really well.  These two mutual funds have a great 10 year track record.

I do believe what he says about being in the right sectors at the right time and energy, metal and natural resources did make sense to me.  But not sure what I will do either.  Good luck on your investing.