Saudi Arabia has been lying about their oil reserves for decades. They don’t have as much as they say. The reason that the price of oil is going up is because the world is running out of known reserves of oil. You might want to consider investing in oil stocks if you don’t like owning the commodity itself. In bull markets prices go to markets no one can conceive of. This is what will happen in commodities.
Gold will go to $2000 this decade. The old high for silver was $50. It will most certainly hit that level again and go to new highs. The price of sugar has gone up 500% recently. It is still half the cost of its all time high. When a secular bull market it taking place, you want to own everything, even those things that you think are bad. But you can hedge your bets in other markets.
If the world gets better, you will make money in commodities. If the world gets worse, you will make a lot of money because the central banks will print a lot of money. The farmers will be rich in the future. There is a major shift coming. This has a long way to go. Canada will do better than the United States. You always have some people doing better and you have other people on the decline.
