Posted 25 March 2009 - 09:06 PM
Before trading in any commodities, I suggest you read the last few chapters of Buddenbrooks by Thomas Mann. A good man is destroyed, disintegrating during the course of a very long novel, because of his investments in commodities.
Also, do you remember the silver commodities fiasco of a decade or so ago? The Hunt brothers of Texas oil family fame, took quite a bath. Also, many others.
If you wish to invest in commodities, which my corporations profession, Dr. Wharton (really!) said it was the worst form of gambling in investments a person could make. He didn't think much of Wall Street either. And he was no liberal.
Sorry to rain on your parade, or dash your dreams of quick wealth, or whatever, but if you want to invest in commodities, invest in something like a small agribusiness, genuine organic or heirloom farm. At least you would have a legitimate tax shelter for a few years, and there are not very many of those.