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December 27, 2009

'Commodities are pricey at this point in time' – Business Standard- News

Filed under: Uncategorized — Tony Spann @ 9:49 pm

I suspect by the end of 2010, 2011 or 2012, the problems will be even worse because the governments have shot all their bullets. I own gold but I am not buying gold at this point in time. But, if I have to buy one today, I would buy silver rather than gold. Gold is 10 per cent lower compared to its all-time high, whereas silver is trading at 70 per cent below its all-time high. Unless somebody discovers a lot of oil very quickly and in very accessible areas, oil is going to be much higher over the next decade. read more

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