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The storage costs for oil are quite high and its price is even more volatile than gold. So in times of high inflation, does not it make more sense to invest in gold (or other precious metals) rather than in oil or phosphates?






Well if you're Saudi Arabia you can effectively store oil underground by pumping less of it.

Also, it makes sense to hedge your bets by diversifying your investments.

Oil and phosphates have the adventage of being the limiting factors of modern industry and life respectively.
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VoiceOfRa
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