A way better investment than gold in 2014? Coffee

America’s favorite energy source, crude oil, has had a rough year, with prices by the barrel falling off a cliff. But the nation’s second favorite energy source — sweet, sweet coffee — has seen prices jump and futures jolt about 50 percent this year, making it the best-performing commodity of 2014.

Droughts that hit coffee belts and cattle ranches sent the price of beans and beef soaring: Bad news for drinkers and diners but great news for investors, according to data from financial-visualization service FinViz. (The benchmark contract for a heaping of coffee –37,500 pounds of Arabica beans – traded for about $1.68 a pound on Wednesday, up from about $1.20 at the start of the year, according to data from ICE Futures U.S., a commodity exchange.)

For futures traders, coffee was a better bet than gold, silver or platinum — and far more energizing than crude, heating oil and natural gas, which rounded out the three worst-performing commodities of the year.

Read More Here:

A way better investment than gold in 2014? Coffee – The Washington Post.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s