Can you get rich with oil and gold?
Eric Tyson and Tony Martin
Published on Tuesday, Jan. 26, 2010 1:03PM EST Last updated on Monday, Feb. 08, 2010 1:32PM EST
This is the first in a series of 10 excerpts from Investing for Canadians for Dummies.
During the worldwide economic expansion of the 2000s, oil and other merchandise increased their value significantly. The rise of oil prices (CL-FT77.350.340.44 percent) certainly garnered a lot of headlines when it rised past $100 (U.S.) per barrel. So too did the price of gold (GC-FT1,120.100.300.03 percent) as it rised past $1,000 in 2008, creating a new all-time high. These prices expressed tremendous increases over the past decade, with the price of oil increasing more than 600% (from less than $20 per barrel) and gold more than tripling it’s value (from less than $300 per ounce).
VIA Globe and Mail
Keyword: stock investing
Money Service Menu
Eric Tyson and Tony Martin
Published on Tuesday, Jan. 26, 2010 1:03PM EST Last updated on Monday, Feb. 08, 2010 1:32PM EST
This is the first in a series of 10 excerpts from Investing for Canadians for Dummies.
During the worldwide economic expansion of the 2000s, oil and other merchandise increased their value significantly. The rise of oil prices (CL-FT77.350.340.44 percent) certainly garnered a lot of headlines when it rised past $100 (U.S.) per barrel. So too did the price of gold (GC-FT1,120.100.300.03 percent) as it rised past $1,000 in 2008, creating a new all-time high. These prices expressed tremendous increases over the past decade, with the price of oil increasing more than 600% (from less than $20 per barrel) and gold more than tripling it’s value (from less than $300 per ounce).
VIA Globe and Mail
Keyword: stock investing
Money Service Menu
