I have been a naysayer of buying commodities because I equate it to flipping houses. When you buy a commodity where you do not plan on consuming it yourself you are adding no value and making it more difficult for those that do want to run a business. The analysts have been saying the commodity prices are the result of demand, not speculation.
I don’t believe it for a second. When the dollar became stronger did commodities drop? No. When supply surged did commodities drop? No. I don’t believe the market analysts because to me it is like asking accountants if they like the flat tax. Any accountant that would like a flat tax would be out of a job.
Add comment Friday, May. 9, 2008
by Christian
