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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Post by alleyesonmeon May 31, 2021 2:03pm
115 Views
Post# 33296872

Oil stocks..seriously..your killing me.

Oil stocks..seriously..your killing me.There was a time I invested in oil stocks (money makers)..but that time as long past. Specifically canadian oil producers only have one market being the U.S. They receive far less than WTI, (canadian western select). Not too long ago they were paying to have their product taken away in excess of 30$ a barrel. The cancellation of the Keystone and the pressure on line 6 running through Michigan raises serious concerns about getting product to market. Their may be a very short term opportunity in that sector and I'm surprised you see this as a safer bet than UGE. All major auto makers have a firm date for a complete phase out of combustion engines. Historical infrastructure investment on the horizon for electric transportation modes including rail. Institutions must be pumped to have the opportunity to continue their divestment in that sector on the backs of retail folks. The Oil and gas sector is a very scary place to park your investment dollars. Wishing you both the best.
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