Finally, the bumper pay can be seen as a reflection of the success of the London Stock Exchange at becoming the listing destination of choice for global commodities companies.
You could go in and out of other commodities or the stock market to great effect.
The value of its stock plunged along with other commodities during the global financial crisis.
In the initial break in 2008 after the failure of Lehman Brothers, stock markets and industrial commodities such as crude oil and copper fell quickly.
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Copper is up 19% this year, better than all stock indexes, better than the GSCI index of commodities and rivaling the 25% rise in the price of gold.
And real estate commodities and stock should be a part of everybody's portfolio.
Mr Hayward, who resigned from BP in the wake of the 2010 Deepwater Horizon oil rig disaster, became a senior independent director of Glencore after the commodities group listed on the stock market in 2011.
That bullish momentum in stocks is keeping investor and trader money flowing into the stock markets at the expense of most other investment assets, including raw commodities and gold.
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That bullish momentum in stocks has been keeping investor and trader money flowing into the stock markets at the expense of most other investment assets, including raw commodities and gold.
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If the market price of these commodities goes up, the jeweller makes money on his stock.
Otherwise, the message is that while stock and bond investors fear recession, the commodities markets, with the notable exception of crude oil, are instead worried about inflation.
With so much attention on gold lately, growth investors should take note: Stocks of gold and other commodities should be treated exactly the same as any other stock.
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Driving Paulson's huge investment in hardware, software and communications links is his belief that the days of the conventional trading floor are numbered--and that the stock, options and commodities exchanges have been in denial or too sluggish to do much about it.
Like Fidelity, they will be structured as funds-of-funds, investing mostly in Vanguard domestic and international stock index funds, bonds, REITs and commodities.
In the longer term, the quantitative-easing policy in the U.S. and the bond-buying in Europe could lead to a depreciation of both the dollar and the euro, which would make the stock market a riskier investment compared with commodities, analysts believe.
Glencore will soon make its power felt as it uses the publicly traded shares and cash hoard that are the products of listing on stock exchanges in London and Hong Kong to acquire mining companies around the world, extending the commodities boom.
"This is attractive because you can put all kinds of tax-unfriendly things into this structure, like commodities, and it's taxed like a stock, " says Mr. Lee.
Bond trading made the situation seem dire, although it may well have been affected by investors fleeing the stock and commodities markets and parking their cash in short-term Treasury securities, fearing to trust banks in light of the current economic turmoil.
The complaints have gotten a sympathetic ear on Capitol Hill, where lawmakers have just gotten a proposal by the Treasury Department for a sweeping overhaul of financial market regulation, including the merger of the SEC with the Commodities Futures Trading Commission and the reassignment of many of the SEC's enforcement duties to the stock exchanges and other self-regulatory agencies.
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