
The world of commodities has played an important role in the investing landscape over the years. Some of these hard assets are known for their low correlation to other asset classes, while others are known for their volatility and hefty price movements. Either way, commodity investing has only grown more popular over the years and has even made its way into the average retail portfolio.
The quiz below will test some of your basic commodities knowledge and how well you know the industry. Simply click on the answer that you believe is correct. Good luck!
1. These metals are more closely correlated with the performance of the U.S. economy.

2. Which exchange has the largest options and open interest in the world?

3. Which country produces more natural gas every year?

4. Which is referred to as "light" and "sweet" crude oil?

5. Which commodity has more ETFs (U.S. listed) dedicated to it?

6. Which country has the highest gold reserves in the world?

7. Which form of crude oil is more often quoted around the world?
8. Studies suggest what percentage of a balanced portfolio should be invested in commodities?

9. Which of these commodities were available on the Comex's first day in 1933?

10. Which of these is NOT a futures contract a commodities trader can use?

11. The U.S. is the largest producer of which crop?

12. "The White Metals" are a subset of which group?

13. The first commodities exchange was focused on which commodity?

14. What is the oldest commodity ETF (U.S. listed)?

15. Someone who enters into commodity trades with the sole purpose of turning a profit is known as a what?


Your Score: / 15
Back to Basics
Commodity investing (in one form or another) has been around for hundreds of years, and continues to climb in popularity. As the options available for investing in these hard assets expand, investors would do well to familiarize themselves with this industry and how they can make it work for their portfolio.
Don’t forget to subscribe to our free daily commodity investing newsletter and follow us on Twitter @CommodityHQ.
Disclosure: No positions at time of writing.