“Russia is an important commodity supplier and prolonged hostilities have the potential to disrupt both natural gas and oil markets,” Satchkov added. “While gold hasn’t proven to be a safe haven asset in times of deleveraging crises, it still holds significant safe haven appeal in military conflicts.”

Long-term Treasury bond ETFs include the iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT), which has a 16.8 year duration, Vanguard Extended Duration Treasury ETF (NYSEArca: EDV), which has a 24.9 year duration, PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund (NYSEArca: ZROZ), which has a 27.3 year duration, and SPDR Barclays Long Treasury (NYSEArca: TLO), which has a 16.4 year duration.

Broad commodity exchange traded product options include the PowerShares DB Commodity Index Tracking Fund (NYSEArca: DBC), iPath Dow Jones-UBS Commodity Index Total Return ETN (NYSEArca: DJP) and iShares GSCI Commodity-Indexed Trust (NYSEArca: GSG). These offerings provide diversified exposure to agriculture, energy and metal commodities.

The physically backed SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) all provide exposure to gold price movements.

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