Tabby? Is that you?
Quote:
Originally Posted by NoRush993/951
Most wealth on the planet is based as a derivative of oil. Oil is the foundation from which society is built. Without it, life as we know it would collapse. Time of holding is the measure you are trying to quantify. All investments are cyclical. And the monetary units they are valued in are continuously debased. There is no simple answer other than oil is now lower than it was. So hedge your position if that knowledge is available to you. Otherwise, nibble your way into an enhanced position. The world is experiencing a liquidity crisis and cash will remain king as debts must be paid in the issuing currency. The world is hunting dollars to repay all those 2008 loans from the central bank and there aren't enough to go around. If it was my well, I would leave the oil in the ground and come back in 10 years.....
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"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
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