In 2007, gold prices were up 36.6%, crude oil prices surged 70.8%, and agriculture commodities such as corn, wheat and soybeans posted their own records.
Sean Brodrick for Money and Markets reports that so far this year, those commodities not only continue to hit new highs, they’re poised to go even higher.
According to Morgan Stanley, global ETF assets at the end of 2007 was at $796.60 billion, a 41% increase from the previous year. Growth in commodities ETFs increased 87%, to $6.32 billion.
Consider these ETFs to join the ride with commodities:
- Market Vectors Global Agribusiness (MOO)
- PowerShares DB Agriculture (DBA)
- streetTracks Gold Shares (GLD)
- United States Oil (USO)
For full disclosure, some of Tom Lydon’s clients own shares of DBA.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.