Oil has been the lifeblood of the world’s economy for decades, and it is now being referred to as “the new gold” by many investors. While Gold has been a stalwart of safe-haven investors for centuries, Oil is now taking its place as a reliable store of value.
Oil prices are always prone to extreme volatility due to numerous influences, such as geopolitics, natural disasters, and changing economic conditions. In 2020, Oil prices have particularly been a rollercoaster ride – thanks to the Covid-19 pandemic.
When the pandemic caused a sudden global demand shock, reducing the demand for Oil, prices tanked. Since then, prices have risen as supply cuts drove prices back up. However, Oil prices still remain well below pre-pandemic levels.
All this makes Oil a great opportunity for investors. One of the most famous investment adages goes “buy when there’s blood in the streets” – which is precisely what is happening right now with Oil. Low prices, while bad news for Oil producers, can be great buying opportunity for investors seeking to gain exposure to Oil.
Furthermore, Oil futures have surged since October 2020, when the Organization of the Petroleum Exporting Countries (OPEC) and Russia announced an agreement to cut supply. This sent Oil prices back up and made Oil a compelling investment for any investor looking for stability.
In short, Oil has affords investors with the opportunity to buy low and make profits as prices rise. This, combined with steady demand for Oil, makes Oil the “new gold” of the investment world.
Investors should take this opportunity to gain exposure to Oil in their portfolios. For those new to investing in Oil, there are many options available – such as ETFs and mutual funds. With the right research and tools, investors can find investments that give them exposure to Oil with a low risk, high reward potential.
In conclusion, Oil is now being referred to as the “new gold” due to its current low prices and potential for growth. With the right research and investments, any investor can reap the rewards of investing in Oil.
Oil has been the lifeblood of the world’s economy for decades, and it is now being referred to as “the new gold” by many investors. While Gold has been a stalwart of safe-haven investors for centuries, Oil is now taking its place as a reliable store of value.
Oil prices are always prone to extreme volatility due to numerous influences, such as geopolitics, natural disasters, and changing economic conditions. In 2020, Oil prices have particularly been a rollercoaster ride – thanks to the Covid-19 pandemic.
When the pandemic caused a sudden global demand shock, reducing the demand for Oil, prices tanked. Since then, prices have risen as supply cuts drove prices back up. However, Oil prices still remain well below pre-pandemic levels.
All this makes Oil a great opportunity for investors. One of the most famous investment adages goes “buy when there’s blood in the streets” – which is precisely what is happening right now with Oil. Low prices, while bad news for Oil producers, can be great buying opportunity for investors seeking to gain exposure to Oil.
Furthermore, Oil futures have surged since October 2020, when the Organization of the Petroleum Exporting Countries (OPEC) and Russia announced an agreement to cut supply. This sent Oil prices back up and made Oil a compelling investment for any investor looking for stability.
In short, Oil has affords investors with the opportunity to buy low and make profits as prices rise. This, combined with steady demand for Oil, makes Oil the “new gold” of the investment world.
Investors should take this opportunity to gain exposure to Oil in their portfolios. For those new to investing in Oil, there are many options available – such as ETFs and mutual funds. With the right research and tools, investors can find investments that give them exposure to Oil with a low risk, high reward potential.
In conclusion, Oil is now being referred to as the “new gold” due to its current low prices and potential for growth. With the right research and investments, any investor can reap the rewards of investing in Oil.
