Commodity Considerations in a New Fiscal World Order
This paper describes several reasons why commodities are likely to be an investment to seriously consider over the long term.
- In a new fiscal world order of low yields and fiscal tightening, commodities can provide attractive returns, diversification and a potential hedge against inflation.
- While commodity valuations are no longer "cheap," rising marginal production costs, emerging market demands and longer-term financial flows can help support commodity prices.
- We see opportunities particularly in selective supply-constrained commodities, such as copper.
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