Way to invest in commodities long term?

S

short&naked

Aside from GLD and SLV are there any ETF which track the major commodities directly? I don't mean ETFs that consist of stock of companies that process a certain commodity.

Futures don't allow you to hold on long term.

Thanks.
 
Quote from crgarcia:

Forget about ETNs.

"The GSCI has lost nearly 20% of its value since January 2006, despite soaring commodity prices, all thanks to Contango. This is one instance where ETN tracked commodity indices like GSCI have ended up doing exactly the opposite of what they had set out to do."
http://en.wikipedia.org/wiki/Exchange_Traded_Notes#Unprofitable_trading_strategies
More...

That was my point. That's why I was asking about simple, direct exposure to commodities.
 
Quote from crgarcia:

Forget about ETNs.

"The GSCI has lost nearly 20% of its value since January 2006, despite soaring commodity prices, all thanks to Contango. This is one instance where ETN tracked commodity indices like GSCI have ended up doing exactly the opposite of what they had set out to do."
http://en.wikipedia.org/wiki/Exchange_Traded_Notes#Unprofitable_trading_strategies
More...

You are a know-nothing ETer. Get your "knowledge" from Wikipedia, get your "news" from MTV.

GSCI is a highly diversified world-wide production weighted index, rarely rebalanced.

"Elements" are not based on GSCI.
 
those who avoid some commodities because of contango need to grow some balls and bet the contango will continue. its not hard to do, if you are so sure it wont stop you can make free money
 
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