With the government printing money by the trillions of dollars, many market watchers are recommending people invest in gold, which usually goes up in value when the money supply is rising, and can serve as a hedge against coming inflation.

That may be smart advice or not, but perhaps there is a smarter play, for now: invest in beef carcasses instead.

If you had done that a few weeks ago, you would have almost doubled your money, as can be seen in the graphic below, published this week in the Wall Street Journal:

The price for beef carcasses has risen from just over $200 per 100 pounds in the middle of March to about $375 here in early May. That's a rise of over 80% in just a few weeks.

That as beef production is down about 35% over the same time frame.

Alas, we may all have missed the opportunity, as we suspect prices will soon pull back a bit if not a lot, as beef packaging plants start to re-open. But we may call are broker anyway....

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