After watching gold, copper, silver, and oil run higher this year, the commodity contrarian has to ask, "Is there anything I can buy that hasn't jumped in price?"Answer: Sure... you can take Jim Rogers' advice and buy grain.
Rogers is one of the world's best investors... and a big bull on agricultural commodities like corn, soybeans, and sugar. Rogers points to low inventories and growing emerging-market demand as factors that will drive prices higher. He says if you want to get rich over the next 20 years, don't go to Wall Street, learn how to farm.
Like all commodities, those in the ag complex were hammered in 2008. The DBA fund – a "one click" way to own corn, soybeans, wheat, and sugar – fell from $42 per share to $22. But as you can see from today's chart, the DBA has bottomed out and strung together the classic bull market action of "higher highs and higher lows."
While gold gets all the press as an inflation hedge, many elite investors consider agricultural commodities (and the land that produces them) a better alternative. Contrarians... here's your commodity... and here's a bull market just getting started.
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