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Investing Query - Commodities

  • 12-08-2009 10:33pm
    #1
    batperson
    Registered Users, Registered Users 2 Posts: 62 ✭✭


    I want to invest in commodities as I feel they will do well over the next few years and longer. Oil, gold and some foods.

    My understanding is that commodities are priced in US Dollars. But if as I believe, the Dollar will get weaker medium/long term, this currency weakness will negate any or all my potential gains.

    Can anyone show a better way to approach this (investing via euro or some other way to avoid currency depreciation)- I even heard a presenter on Bloomberg ask Jim Rogers how to get around this and he just said that if investing was easy everyone would be wealthy!


Comments

  • #2
    johnmarkgriffin
    Closed Accounts Posts: 3 ✭johnmarkgriffin


    spreadbet kid!


  • #3
    soddy1979
    Registered Users, Registered Users 2 Posts: 284 ✭✭soddy1979


    I don't know how you could avoid it altogether, but you could lock in your USD exposure through a buy EUR/USD position on a FX trading platform.

    I'm sure there are products that will give you commodity exposure in Euro but they won't track the commodities as well as a USD exposure due to the foreign exchange effect.


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