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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Sweet Ol who wrote (87103)7/2/2007 5:58:33 PM
From: Tommaso  Read Replies (1) | Respond to of 206214
 
I suppose one could consider buying fully-margined futures and rolling them over regularly, but I became a believer years ago--from experience--in the received wisdom that all amateur futures traders lose money. Actively managed futures funds run by "professionals" mostly don't seem to do much better. I am hoping that the folks running DBA can at least succeed in following the general trend of the agricultural prices. I don't think anyone wants to get involved with actual purchases of agricultural products. At one point John Maynard Keynes thought he would have to take delivery of an immense amount of wheat on behalf of Cambridge University, and is reported to have considered asking if could be stored in King's College Chapel. If the government and my neighbors would let me store uranium in my garage, I might consider doing that. I have maybe a couple of thousand dollars worth of copper on the outside of my house. I have hoarded crude oil by holding a large position in Canadian Oil Sands Trust.

Actually one thing I have not mentioned that seems to be working out pretty well is a little-known entity, the Saskatchewan Wheat Pool. I wish I had bought a lot more of it when I did. EDIT--uup 56% since I bought it last September.

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