Want To Invest In Commodity? Know The Basics First
A commodity is any product having a commerce value i.e. an article of commerce that can be traded on an authorized commodity exchange NYBOT or NYMEX. The article should be a movable of value, which can be purchased or sold or used as the subject of barter or sale. For example agricultural products, minerals, metals etc.
These commodities are traded on commodity exchanges throughout the world. The concept of such exchanges started way back in the middle of the 19th century in the United States. Then, a few businessmen started organizing market forums to make commodities buying and selling easy. This provided a platform for buyers and sellers to meet. Here, the businessmen sets quality as well as quantity standards of commodities and rules of business were also established.
Taking ...