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The most profitable is wheat and gold
How exchange rate of dollar develops over last six months and how it influences world commodity price
Gold, oil or wheat – these are the best investment over last several months. Commodity price soars due to weak dollar and volatility on stock markets. In last month there was the quickest grow of the price for the last 32 years.
For example somebody who buys wheat for 1 million crown at commodity exchange called Chicago Board of Trade, gained 100 thousand crowns. Though dollar for which wheat is sold, fall 1 crown less to historical minimum 19,32 Kč/USD in the same period and so oversea investment was depreciated slightly. Moreover, rise in prices of commodity hasn´t still finished according to businessmen.
Even Czechs buy more commodity
American central bank Fed delight especially commodity investors and stocks when it cut interest rates in the U.S.A from 5.25 to 4.75 percentage. In addition, the bank indicated futher cuts of interest.
´It is very profitable for businessmen. Lower rates cause higher inflation and that´s why investors try to protect against rise in prices by g of commodity such as gold,´said Bloomber Chip Hanlon from american counselling company Delta Global Advisors.
Commodity are suddenly cheaper for investors outside USA. It is cheaper because of weak exchange rate of dollar which is the lowest in history to six most important currency, including euro and yen.
Boss of czech commodity company Colosseum, Jiří Štastný confirms higher focus on these specific investment. ´Number of client grows in last few months. They noticed that commodity are quite profitable. Czechs are interested most in gold and oil – the most known and propagated in media,´ said Mr Štastný who negotiates purchase of gold, oil and other commodity for Czech investors on stock exchange in London and the U.S.A.