| From Benzinga.com: According to new research released by the International Monetary Fund, there is little difference in the two, at least from an investment standpoint. In their 2010 whitepaper, Serhan Cevik and Tahsin Saadi Sedik found that supply constraints have surprisingly little impact on the prices of commodities.
The researchers found that macroeconomic factors are the main determinants of commodity prices, particularly growth in emerging markets. “Excess global liquidity” (i.e. quantitative easing) and the securitization of commodities into new ETF and mutual fund products for retail investors were also significant contributors. .............................................Full Article: Source
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