Re-post - >>> With commodities, the returns are often erratic and can be plain lousy. But at minimum, having something in gold / silver makes sense, considering the rapidly growing 'debt bomb' (36 tril and counting). Global central bank buying has been a key reason for gold's rise in recent years, and BRICS is launching a gold-linked currency to compete with the US dollar, so having some gold would seem to make sense. Silver usually follows along with gold, and has the added industrial uses -- in solar panels, and possibly as a key component in a new solid state battery being developed.
Beyond that are the energy and mining sectors. In energy, Buffett has sizable positions in Chevron and OXY, and you have some TPL. Pipelines are another potential idea (ENB, TRP) and have big dividends. Nuclear energy has been hot in recent years, and there are numerous ETFs, but for uranium itself there is Cameco (CCJ). That leads into the mining sector, and the one you mentioned (SCCO) has a decent LT chart for a miner. With the move toward 'electric everything', copper should be in high demand. Steel is another idea, and RS and STLD have been doing well. Steel is known as a cyclical sector, but the RS chart has had a surprisingly steady trajectory.
Water seems like a solid LT area, with the ETFs (FIW, PHO), and water related plays like BMI, FELE, ROP,. WTS (pumps, flow metering, etc).
In the lumber / wood area, stocks like WY haven't performed that well, but some of the suppliers of wood related building materials have nice LT charts --> BCC, CRH, UFPI.
Agro is another area. Speculating in agro commodities themselves is best left to the pros, but agro related ideas include DE, ALG, ADM, and the ETF (MOO). I like Tractor Supply (TSCO), but it's a stretch to call it 'agro'. In farmland, there are two REITs --> FPI and LAND. FPI got off to a rough start after having a 'bear raid' on its stock a few years ago, but has come back strong. LAND zoomed huge in 2000-21, but has returned to earth.
But how much the above commodity / hard asset type areas will be an effective hedge against a broader bear market in stocks is questionable. Even gold and silver have crashed along with the stock market (2008, 2020), and in fact did even worse than the S+P 500 during the crashes, though they did come back strong afterward. Commodities can also be cyclical, so can suffer during a recession.
In the end, while real estate has its problems, it might turn out to be the best all around disaster hedges (?) Commercial real estate has problems, and residential real estate is often mortgaged to the max, which would be a problem during an economic / financial wipeout. But if you own paid-for residential properties, a house and a vacation home for example, those should at least get through a dollar crisis, compared to bonds / cash, which would be devastated from the hyperinflation, and most stocks, which crash with the broader market.
I figure diversification is still the best solution. Jim Rickards recommends having 10% in gold, plus land, paid-for real estate, energy and water related, and fine art if you can afford it (Rembrandts, etc).