Monty Pelerin produced the following list on his blog today:
COMMODITY PRICE % INCREASES YEAR OVER YEAR
| Agricultural Raw Materials | 24% |
| Industrial Inputs Index | 25% |
| Metals Price Index | 26% |
| Coffee | 45% |
| Barley | 32% |
| Oranges | 35% |
| Beef | 23% |
| Pork | 68% |
| Salmon | 30% |
| Sugar | 24% |
| Wool | 20% |
| Cotton | 40% |
| Palm Oil | 26% |
| Hides | 25% |
| Rubber | 62% |
| Iron Ore | 103% |
Commentators are often speaking about Gold as the mother of all bubbles. Gold is up 30% over the same one-year period. Why do people talk about a gold bubble? It would make more sense to talk about an iron ore bubble, a rubber bubble or a cotton bubble. What about the oranges bubble? The gold bubble? What gold bubble?
The Righteous Investor 
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