Commodity ETFs, from Jim Sogi
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I've been sucking wind on these commodity etfs for it seems like years.
I'm starting to wonder if they are like an outdated unchanging index. When a commodity gets expensive, technology just figures a way to use something else and bypasses a hard to get resource. That's why we haven't run out of stuff and Malthus was plain wrong. Peak oil was wrong. I think I'm wrong.
My friends and family are getting teslas. Oil is headed to zero. Better to invest in tech not commodities.
Comments
Marc on December 4, 2018 5:47 pm
Electric planes are not that common yet, oil is easy and portable.