Showing posts with label commodities. Show all posts
Showing posts with label commodities. Show all posts

Thursday 22 April 2010

Buying Gold

Gold priced in US Dollars (USD) and gold priced in British Pounds (GBP) remains above its historical real (after inflation) trend line price and above its historical real historical average price. It is however still below its historic real highs priced in either of these currencies. I’ll try and get monthly updates up for gold in both currencies in the next few days however today I’d like to report a buy/sell decision that I have made. I try and report every one of these (but I’m sure I’ll forget to do this occasionally) so that you can track what I’m up to.

Monday 12 April 2010

Are we back to blowing asset bubbles already?

Last week saw Alan Greenspan interviewed as part of the Financial Crisis Inquiry Commission. The Times reported that during this interview “Mr Greenspan denied his policies encouraged the type of risky lending that spurred the financial crisis. The long-time Fed Chairman - whose reputation has been deeply undermined by the crisis - denied low interest rates and loose regulation had encouraged lenders and borrowers to take ever greater risks."

Thursday 8 April 2010

Investing mistakes I’ve made – contango and exchange traded commodities (ETC’s)

Since I took full responsibility for my retirement investing strategy I’ve made some mistakes that have cost me money. I’m also sure that going forward I’ll probably make some more. What however is key for me is that if I make a mistake I never make that same mistake again. Over the coming months, if I get time, I will try and share some of these mistakes with you so that you can do your own research which hopefully might even save you some money. The first of these was not understanding how exchange traded commodities (ETC’s) work plus also not understanding the concept of contango that is associated with many ETC’s.