RE:RE:RE:Another green day for goldGold is a much different commodity than petroleum. Petroleum once consumed is gone forever. Very little gold is actually consumed. Petroleum is an essential commodity in many ways to many users. Gold not so much. The finding and developing cost for petroleum is affected by many factors of which inflation is one , but politics , scarcity and technological improvements are probably more important. For gold inflation is definetely a factor, but politics (environmental laws , permits, taxation etc.) are again probably more important
Lastly , for both gold and petroleum , the most important decision is whether to invest in the commodity or in a company .
At one time or another , I have invested in both Gold and Copper as both commodities and as shares. My results overall had been very mixed but perhaps positive. Most of all it taught me that when investing in any commodity it is very important to have a good feel for what is happening with the particular investment vehicle you chose. Generalized overall perceptions can be dangeous.Large corporations and Governments have large sway over pricing. Do your due diligence and enter carefully until you feel comfortable. Unfortunately , for myself, I never made it to the stage where I felt comfortable with metals.