just as oil guys "invest" in oil. your investing in oil drives up the prices just the same. so enjoy the bubbles when jobs are created, and save money for the impending crash. if you have any sort of savvy whatsoever you should be able to use these boom and bust cycles to your advantage. or perhaps you can buy futures to smooth out the price. like the airlines do. evil bastards tryin to stabilize their prices and manage things rationally. perhaps they should just complain.
You really don't understand the futures and commodities market, do you? Speculating in products that aren't available yet is a far different thing from investing in existing gold shares or actual bullion. Tangible things, padre. Futures speculation requires faith. Let me hear you defend that. :lol: Investors who try to time the market lose money in the long run. No one can predict the future, so such investors either win big or they lose big. mostly lose. Smart investors earn profits slow and steady. I have no idea what you are trying to say. I doubt that you do.
why? both raise the prices, and that is the issue. again, i dont care why people buy things. its not my concern. like i said, i know one huge buyer of oil futures is the airlines. they do it to guarantee a set fuel price for themselves. and they are buying contracts to buy at a future time at a set price. good for them. i know some airlines are better than others and they profit from it, and sometimes they just smooth out their fuel (and ticket) prices. and it doesnt matter why they speculate, why they invest in these futures, they are not my concern. but again, you are buying gold purely to speculate. purely to make money. you are not contributing a damn thing to society (i actually believe you are, but you are the one who opposes speculation). too bad for them i guess. your fancy climate models can. i am saying that folks buy things for reasons that should not concern you. unless of course you want to reduce the use of fossil fuels, you should be encouraging speculation that raises prices.
The point that you have missed all along is that futures speculation introduces volatility to prices. Bubbles and crashes. That is simple contractual business arrangement with suppliers. What I am talking about is the futures trading business. Speculators — those who trade oil but don't ultimately supply it or use it (the way airlines do, for instance). They are a useless parasite. A price-raising, volatility-producing leech to natural supply and demand. No, I buy gold as a small part of a diversified investment plan. Not primarily for growth and income, although it produces both, but mostly as an inflation hedge and for wealth preservation. I don't buy on margin (buying with money I haven't made yet) and I don't speculate in commodity futures (buying product that doesn't exist yet). Illogic leads to such confusion, amigo. You get to say what concerns you. Everybody else gets to say what concerns them. You are well on record for considering only yourself. Many of the rest of us are concerned with matters that are in our best national interests as well. Big picture, martin. Think big. Wow, a double logical fallacy! false dichotomy: arbitrarily reducing a set of many possibilities to only two . . . and your old favorite, the non sequitor: a logical connection is implied where none exists.
my friends in the trading business tell me there is a way to make money by betting on volatility. perhaps you should look into it. what do you do with your gold? and why do you care what people do with their stuff? i collect bike locks. i hardly use any of them. is that ok with you? is it ok if i buy them or do i need to use them to an extent that you find acceptable? growth and income are the only reasons to invest. i know. you are "speculating" that gold will hold value. (incidentally i think this is probably a stupid investment on your part and you would be much better off with low risk mutual funds, but i let my money guy handle this for me and you might know more than me so i will leave that there) its not that crazy. its how people buy houses. thats nice. good for you. i am trying to help you, friend. if you cannot afford oil then i can advise you on the best value bicycle brands. but i care about me! its a universally understood fact that higher oil prices will help cut consumption. environmentalists are often hoping for high gas prices. i will just assume you are not concerned about global warming.
Asked and answered already. Non sequitor in lieu of a point. You are foolish. You still don't understand what futures trading is all about? And why buying an actual product is different? Pity. You are just being a tool, my friend. You have no logical argument so you are just making odd noises. Your blind assumptions are part of what makes your idea so wrong, your logic so faulty, and your position so untenable.
lets assume i did, and i agreed that the prices of oil are "artificially" high. i am still not entitled to prices that are not artificial. again, my decision is simple. i either buy oil, or i dont. i feel no sense of entitlement to the prices i want. the oil isnt mine. nobody owes it to me. i am curious. just hoe much gas at what price do you think the guy who own the oil owes you? what if he simply refused to sell it to you at all? woould you kindly explain to hhim that you are red and everything in the universe should be presented to you on your terms>? even things that are not yours?
NOBODY IS ARGUING THAT, you are talking to yourself. :insane: Not one person here has said that they were "entitled" to cheap oil. We are discussing gas prices and why they fluctuate. You are out in left field somewhere with this tired old "entitlement" notion. You lose an argument in really spectacular fashion.
eh? "Because it raises the price of gasoline above what is reasonable" - red, reagrding speculation. again, my question to you is what is "reasonable" and who defines it. why are you in a position to tell anyone what a reasonable price for their stuff is?
Again, stop trying to personalize the issue. It's not about what I determine, it is about what everybody determines. If you'd ever bother to research it, you would find that a great many experts are writing about this issue.
