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Commodities

May 12, 2010 – 4:49 pm

With the fear of the debt issues in Europe it is not surprising that gold is and has been moving up, but history teaches that it is not a very good long term investment versus stocks. In the short term it can be a very good hedge trade, but as the dollar gains strength versus the Euro, gold’s price rise is puzzling.

Precious metals have never been a great investment but the demand from Asian nations have added a new wrinkle to the market of all commodities. As those nations gain strength and their people gather wealth they are and will continue to put pressure on not only gold but all metals, energy, food and non food products.

Commodities in the long run are going to be more expensive but that does not mean gold is the best place to be, but for the time being it certainly looks like a good bet.

Good Trading
Steve Peasley

  1. One Response to “Commodities”

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    By Carley Kerens on Jul 26, 2010

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