Don't Shun Commodities

The past 6 months have not been good for commodities. After peaking in early July, the Reuters Jeffries CRB index, which tracks a basket of 19 commodities, has lost some 50 percent to date.

The main reason for the drag? Crude prices have fallen more than $100 per barrel due to slumping demand from a slowing global economy.

Some investors may think of shunning the commodities space to avoid incurring more losses, but Puru Saxena, CEO of Puru Saxena Wealth management, begged to differ.

"This crisis we have seen in the credit markets, this unavailability of credit and finance is going to prolong the commodities bull market … commodity prices are going to bounce back up the fastest before anything does," he said on CNBC Asia's "Protect Your Wealth".

(For full interview, watch video above)

While holding cash may seem to be a more sensible strategy than tracking the wildly fluctuating prices in the commodities market, Saxena warned of severe inflationary risks in the years ahead.

"We could even get hyperinflation because all the governments are printing money like wild turkeys, they are just printing money, throwing money into the system … what this is doing is just increasing the debt levels and decreasing the purchasing power of money," he explained.

"I think we will see here an inflation tsunami in the next 3 to 4 years, so investors should look at buying hard, tangible assets which are going to weather the storm better," he advised.

Saxena is particularly keen on precious metals such as platinum, gold and silver. His company is also buying stocks of mining companies as some of their valuations are "incredibly cheap". Energy and agricultural stocks are also in favour as they should offer great long term potential.

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Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."