Gold’s Bull Run began in 1999. There’s no question about it. Just take a look at this 13 year chart of gold prices:

So...it’s confusing for the esteemed editors of The Wall Street Journal to say that buying the metal in 2007 meant that you were “early to the gold trade.”

But this past weekend’s story in The Journal titled “A Gold Bull and His Prediction: $10,000 an Ounce” makes just such a claim about Shayne McGuire, a pension manager with $330 million worth of gold held in the Teacher Retirement System of Texas.

Today you can buy a 10-year Treasury bond and get a 3.11% yield - but wouldn't you rather own shares in a company that pays a better yield, and has the potential to increase in share price?

I usually try to find companies that benefit directly from higher commodity prices, but in this case, I've found a company that could benefit despite higher commodity prices...

This company pays a 3.4% dividend - and better yet it has the ability to raise or lower prices at will. That's because it takes one of the cheapest commodities on the planet (corn) and turns it into an easily consumable good - with a price markup in the triple digits. Whether you believe we're headed into deflation or inflation, pricing control is hugely important.

More on this pricing control in a minute...

Most people buy Treasuries precisely because they want safety.