Oct
26
Ok Yanks, listen up. Name two reasons why investing in Canadian commodity stocks is a good idea for you?
Filed Under Investing
Huguenot
If you have more, fine, if you have detractions, name them.
If you can give similar reasons for other markets please do so.
If you have more, fine, if you have detractions, name them.
If you can give similar reasons for other markets please do so.
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4 Responses to “Ok Yanks, listen up. Name two reasons why investing in Canadian commodity stocks is a good idea for you?”
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It’s Janke to you, Canuck!
Well I’m not a Yank but I have at least two good reasons. Commodities are in demand, and it’s also an investment in the Canadian dollar, which is increasing in relationship to the greenback. So are other currencies however. Commodities, are not going to be in demand in the case of recession though, and if China’s economy cools.
1. move your money out of dollar based assets.
2. as for commodities, you can not beat oil. The world needs it and will continue to need it for the rest of our life time.
1. Hedge against inflation.
2. Commodities have had momentum for the past 3 years (although momentum may be waning).