Quote:
Originally Posted by EscortBiz
I purchased tons of GM F C and oil at 32 and gold at 320
Right now my bank called me that I have 2 days to pick up the massive amounts of cash im my account or they will start charging me a crazy storage fee, no clue what to do with all the money so I picked up a few Bugatti's and might just buy more Citi
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If you had noticed all my threads saying, "i think oil is going up in a year and a half but hype could push it up sooner, what is a safe way to invest with this mindset", and how I managed to lose money despite a $7 rise in oil because I had no idea how to invest then you would no that I have no investor credibility on this board and no reason to lie. And I said I invested much less in C and AIG than I did in oil. What is your problem? I see you are from the land of fake-it-until-you-make-it but c'mon. That cheesy bullshit New Yawk attitude isn't shared by everyone. Why can't you just believe me? Don't you have some African American hookers to save from hiv anyway?
Quote:
Originally Posted by aniloscash
USO in my opinion is a safer play. You have little risk eventually oil will be back at $4 per gallon.
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I agree that the cost of oil will be higher in the future however I was unable to find a way to invest in commodities that gave me the timing flexibility I would need to feel good about it. What I originally missed about USO, as SomeCreep kindly pointed out, is that fund bleeds money monthly when oil prices are flat.