The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.By Andrew McCormick NEW YORK ( TheStreet) -- Contrary to very popular opinion and in conjunction with their 30-year bull market, buying U.S. Treasuries could be the best investment of 2011. Few times in history has an investor been able to invest with a major trend and simultaneously be a contrarian. When these opportunities arise, they must not be passed over. This means seriously considering funds such as the Vanguard Long-Term Treasury Fund ( VUSTX), iShares: Barclays 20 Plus Years Treasuries ( TLT), ProShares Ultra 20+ Year Treasury ( UBT) and Direxion Daily 30-Year Treasury Bull 3X Shares ( TMF). This investment opportunity holds three major drivers. First, U.S. Treasuries hold the benefit of a safe haven during a stock market decline and periods of uncertainty; if they naturally resume their upward trend, any market sell-off could accelerate the upward move. Second, they remain in a massive 30-year bull market; major bull markets tend to continue further than expected and well past traditional valuations. Finally, buying U.S. Treasuries is a major contrarian play; an overwhelming majority of analysts and fund managers loathe this asset. Rarely does an investor see an opportunity with so many factors simultaneously available: the synergy aspect could be impressive. This investment view on Treasuries isn't common. Often professionals and amateurs alike state the following reasons why a continuation of low rates and a Treasury bull market are impossible: Government bonds are in a bubble, inflation is just around the corner; the government is a debt junkie with an out-of-control deficit; and the U.S. dollar is going to devalue into oblivion. The data these bond bears lean on isn't necessarily wrong: They just have the timing incorrect. At some point interest rates will absolutely rise for a prolonged period. It just won't be right now. So, I don't disagree with the critics; I disagree with their ability to time the trade.
A Safe Haven
Government bonds are traditionally considered a conservative, safe investment. When the stock market sells off or a crisis occurs, bond prices will rally as investors seek a safe haven. During the recent Japanese tsunami crisis, government bonds around the world advanced quickly. They proved to be a haven during 2008's financial crisis, during the tech bubble collapse, after 9/11, and after the 1987 crash, as well.