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>That dollar you invested 5 years ago, for example, only buys about 1/3 as much oil as it did when you invested it. That is a catastrophic loss. Good point but
by recoiledsnake 15y ago
>That dollar you invested 5 years ago, for example, only buys about 1/3 as much oil as it did when you invested it. That is a catastrophic loss.
Good point but really bad example which bring your intentions into question. Oil is in high demand, thus the price has increased. You should've picked a relatively stabler item to compare the price of.
Also, how much interest did you gain on the dollar in 5 years? An investment is not the same as putting a dollar bill in your pocket.
- watchandwait 15y agoOil is not in high demand. US demand is actually down b/c of the recession and the higher price in dollars. It just takes more dollars to buy the same amount. You could also measure against corn, or gold, or the cost of college. It's been pretty ugly for the dollar for the past 11 years, and it may get worse.
- wiredfool 15y agoQuite a lot of the commodities change is the investment banks slamming a lot of hot money into commodities.