Long-time investor in equities here, curious about commodities as an inflationary hedge.
From what I've read, commodities involve carrying costs that make some ETFs suitable for short-term hedges only. I'm not into market timing, and I'm definitely not sophisticated enough to have an informed view on any specific commodity.
I understand commodity prices are sensitive to macro demand factors, so while they may make decent inflation hedges, there are risks even in an inflationary environment. The price of oil, for example, is determined by demand for travel, etc.
Any specific ticker recommendations for a broadly-diversified ETF suitable for a buy and hold investor?