You're right - much is cheap right now, but be careful on futures as Penguin says.
All I can guarantee is that few of us will be 100% right in life; thus informed debate is key. However, I would be willing to bet that if $200 oil arose, it would only be as a result of inflation taking us there as I allude to above (an not of the hyper variety).
Gold - careful, as it is already in bubble-land
Oil - careful, as prices are derived from ton-mile demand and location of extraction. It is not quite the homogenous asset that land is...
Wannabes - still, don't start training for at least another year!!
Last edited by Re-Heat; 8th Aug 2009 at 11:29.