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rofgile (99.31)

June 2008

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Investing in gold?

June 25, 2008 – Comments (7)

I am concerned lately with the direction the economy is headed, more than I have been all year.  I didn't get so distraught when housing prices fell and banks suffered, but I am more concerned with the possibiity of endlessly rising oil prices combined with high agriculture prices.  I do believe that the prices for oil is 50% due to investment banks speculating on the commodities market - not a present supply/demand issue.  In the far future of 5 years, there could definitely be a supply/demand problem if China and India require oil for their growth and yet subsidize the oil/gas costs inside their countries leading to crazy demand.  [more]

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