By Chris Cleary
After two decades of commodities bust, this decade has seen commodities rehabilitation. Not that we ever stopped using them – it would be a fair bet that the average person in a developed economy utilizes in some form or other the produce of at least half the world’s listed commodities contracts every day: oil, iron, nickel, gold, cotton, orange juice, rubber and so on. But rehabilitation as an investment class is recent, with gold turning the corner in 1999 and most commodities following from 2003.