Gold is at $988, Oil $67-68. Is it right time to Invest in Commodities? »
Posted By WikiMap 5 months ago in NewsWhat’s up doc? That’s the question. The answer is simple: commodities. Of course you have noticed that the price of gasoline is going up and in this month alone has gone up nearly by a third. Oil is at $67-68 a barrel at this writing and expected to go to $75 by year end. As the dollar drops, oil goes up. The dollar is losing ground against almost all major currencies.
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canadianrancher575 months ago
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What some of us who are in the business of producing agricultural commodities are hearing is that the funds are coming back in a big way. When the funds are in a buying mood I usually don't complain but I do realize that when things go up on speculative buying they usually come down just as quick. Much of the move we have seen in the grains, energy and metal markets are on one thing and that is the decline in the US. dollar.
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calitennflo5 months ago
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Investing in commodities is something that you do not do seasonally, but with the proper knowlege and intent. Taking advantage of the market will fool you...it is like seeing the dollar as a coupon with so much off an item rather than something that actually represents work, and can be redemed anywhere proving that work.
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Example...gold looks attractive to one person, yet siver is prefered by another person...but a place that supports us a humans, exampled by good resturants, is actually a better investment than diamonds vs. glass. -
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