| There are certain stories in this business I refer to as "rubber chickens," after the vaudeville adage that a comedian could always get a laugh with a rubber chicken. One of my favorites is dumping all over the idea that there are things out there called "commodities" that will protect you, the reader/consumer/trader/investor/voter/taxpayer, against the ravages of the inflation your non-elected central bank is trying to push higher.
Let's take agricultural commodities. The Bloomberg agricultural total return index, which is composed of futures contracts on coffee, corn, cotton, soybeans, soybean oil, sugar and wheat, has lost 28.39% on a trailing one-year basis. This decline has not been confined to a single commodity, but rather has been distributed across all index components...............................................Full Article: Source
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