With investors more prone to invest in alternatives in the wake of the financial crisis, they might want to consider commodities, according to an article written by three university professors and the managing director of the CFA institute in the upcoming issue of Journal of Investing.

Commodities can serve as a valuable hedge against inflation, and the best way to gauge when that is a concern of the government is when the Federal Reserve increases the discount rate, thereby indicating a shift to a restrictive monetary policy, according to the researchers.

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