Levered diversified commodity ETF?

[ragnarisapirate]

Guys,

 

I am curious if you know of some commodity EFTish security, which is pretty broadly based- say, with all the things that make an economy run (eg cotton, wheat, corn, zinc, silver, copper, bacon, etc.) that has little/no counter party risk (if it actually owned the stuff in warehouses, that would be awesome, though, I doubt that sort of thing happens too much), which also uses leverage.

 

I think that this would be a way to partially hedge inflation, and potentially benefit from it- especially if you could buy LEAPS of it.

 

Even if you would just go long the financial instrument (if it exists) it should be a good way to preserve your capital in real terms (or, purchasing power).

 

Not really endorsing the idea as of yet, but, rather, just trying to dig up some information.

 

thanks in advance.