Oil vs. gold

[Dissipate]

If you were to pick between oil futures or gold futures, which one would you pick and why?

Both look very hot right now.

 

[PurdueRy]

Oil because its black gold, the best of both worlds

 

[gotsmack]

gold is pulling back now. oil is going up, will go up a few more dollars a barrel since we aren't even in the driving season yet.

but seriously if you have enough money to buy oil futures you wouldn't be talking to us.

ethanol is hot now. PEIX, Billy G just bought 25.5% of the company at $16 a pop. its $32 now.

 

[IAteYourMother]

google stock

 

[Slew Foot]

Oil for now, gold is probably better long term, especially if inflation starts creeping up (as a result of high energy prices) and the governemnt keeps spending like drunken sailors. Oil in the immediate future, is probably the safer bet.

 

[everman]

Futures prices already reflect current estimates of future prices, however if something big happens like nuking Iran, then you'd make money (since nobody is counting on that happening, thus not reflected in prices).

I'd go with a commodity index if you really want to get into commodities right now.(you're very late)

 

[bsobel]

but seriously if you have enough money to buy oil futures you wouldn't be talking to us.

:roll: How much do you think you need to invest before considering things like commodity futures?

 

[walrus]

The run up in the price of gold is pure speculation, the price could fall drasticly overnight.

 

[charrison]

Originally posted by: Dissipate
If you were to pick between oil futures or gold futures, which one would you pick and why?

Both look very hot right now.

I think I will stay away from both right now.

 

[AmdEmAll]

Originally posted by: walrus
The run up in the price of gold is pure speculation, the price could fall drasticly overnight.

Isn't that the same situation as oil or no?

 

[potato28]

OIL

 

[JLGatsby]

For the business illiterate out there, the price of oil has increased partly due to speculation as well. Although demand has gone up considerably due to China and India, most of it has still been speculation.

Gold has risen because the dollar is weak.

 

[Dissipate]

Originally posted by: charrison

Originally posted by: Dissipate
If you were to pick between oil futures or gold futures, which one would you pick and why?

Both look very hot right now.

I think I will stay away from both right now.

Well since you stayed out of it for the past few years you missed out on some phat lewt. Good job on that, keep it up! :thumbsup:

 

[charrison]

Originally posted by: Dissipate

Originally posted by: charrison

Originally posted by: Dissipate
If you were to pick between oil futures or gold futures, which one would you pick and why?

Both look very hot right now.

I think I will stay away from both right now.

Well since you stayed out of it for the past few years you missed out on some phat lewt. Good job on that, keep it up! :thumbsup:

Well I do have energy stocks via mutual funds, might have gold as well. So I am not completley out of the game.

 

[GTaudiophile]

Ethenol sounds like an interesting deal...and perhaps also buy stock in companies that manufacture solar and wind energy materials.

 

[PAB]

Gold is used as a hedge against inflation. Volatility in the energy markets cause inflation based speculation, driving gold up.

Its a temporary thing.

 

[charrison]

Originally posted by: GTaudiophile
Ethenol sounds like an interesting deal...and perhaps also buy stock in companies that manufacture solar and wind energy materials.

GE is doing wel with wind turbines. I beleive they recently increased their production capacity for those. And just so you know BP and shell are a couple of the largest solar panel makers.

 

[gotsmack]

Originally posted by: bsobel

but seriously if you have enough money to buy oil futures you wouldn't be talking to us.

:roll: How much do you think you need to invest before considering things like commodity futures?

A contract for oil is 1000 barrels.

Oil is something like $74 a barrel now.

so you tell me if you had $74,000+ to blow on a contract + fees, why would you be talking to us and not an advisor?

 

[Mermaidman]

Gold gives you +1 and +1 coin
Oil gives you +1 hammer, but you need it to build tanks and planes, so I'd definitely choose oil.

 

[AdamK47]

Gold is always a safe bet even when the economy tanks.