Anonymous asked in Business & FinanceInvesting · 8 months ago

What are commodities in economics/investing?

And are precious metals like gold and silver part of them?

2 Answers

  • 8 months ago

    A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. 

    Gold and silver are commodities. Other examples of commodities include crude oil, iron, corn and pork bellies. 

  • Anonymous
    8 months ago

    No commodities are actually slang in the economics world for "sex". Like when an analyst is nailing their secretary without a condom they'll announce that they're "trading in some commodities without insurance" and their wife's will think they're working but they're economics bros will give them a high five.

Still have questions? Get answers by asking now.