Author: Tony Daltorio, Investors Alley

It’s been the hottest commodity so far in 2023 (except for orange juice)… and for the first time in history, it has moved into a persistent and widening supply deficit. That means — despite the price rise — it’s still a good time to get in.

Some exposure isn’t a bad idea for part of the fixed income portion of your portfolio.

The current yield of 3.2% remains attractive to income-seeking investing who want dependable income growth going forward. And if interest rates have peaked or are close to peaking — as Wall Street seems to believe — then shares will be poised for a decent recovery, leading to capital gains.

It has a strong history of predictable and defensive returns, and its dividend grows in line with inflation.

It’s a buy under $6 per share.