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New book claims copper is as good an investment as gold?
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<p>[QUOTE="treylxapi47, post: 2055440, member: 41863"]I dont know about copper, but I am looking at oil and its ETFs like I look at silver. </p><p><br /></p><p>USO is trading below half of its average price right now. It averaged near $37-$43 for almost 10 years, and now is all of a sudden at $18.19? </p><p><br /></p><p>Now I know we could be seeing a downward trend in oil for awhile, but something tells me that in the not so distant future, it will return to previous prices, if not higher.</p><p><br /></p><p>By the way, where did all the 'OMG WERE RUNNING OUT OF OIL' people all go? How is gas all of a sudden half its peak price? How long before another global conflict tips the scale back the other direction and oil shoots up? How do we all of a sudden have so much oil that people are literally driving the price lower and lower just to sell it? What about in 10 years? 20 years?[/QUOTE]</p><p><br /></p>
[QUOTE="treylxapi47, post: 2055440, member: 41863"]I dont know about copper, but I am looking at oil and its ETFs like I look at silver. USO is trading below half of its average price right now. It averaged near $37-$43 for almost 10 years, and now is all of a sudden at $18.19? Now I know we could be seeing a downward trend in oil for awhile, but something tells me that in the not so distant future, it will return to previous prices, if not higher. By the way, where did all the 'OMG WERE RUNNING OUT OF OIL' people all go? How is gas all of a sudden half its peak price? How long before another global conflict tips the scale back the other direction and oil shoots up? How do we all of a sudden have so much oil that people are literally driving the price lower and lower just to sell it? What about in 10 years? 20 years?[/QUOTE]
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