Coal

Discussion in 'Other' started by HardMyDisk, Jan 23, 2012.

  1. HardMyDisk New Member

    Do you think it would be worth it to invest in coal? Fossil fuel supplies are getting lower and lower, and eventually coal will become a luxury. It is not stable at the moment, but it would make sense if it rised in the long-term. You'd have to be able to store many tons of coal to make it worth investing in, however.

    Your thoughts on coal and investing?
  2. Guardian Member

    I think coal is something you would need tons of to make a decent profit off of, so inturn you'd either have to already possess or buy the trucks and land to store the coal on until you sold it. So, unless your a major operation I don't see it being a financially viable operation for individuals.
  3. Peter T Davis Administrator

    If you lived in an area with cold winters, and can buy coal in bulk, it might not be a bad idea to convert your heat to coal and stockpile some coal. Especially if you're dependent on oil or gas. Can't say I'd consider it an investment otherwise, though I know some people like to speculate on the commodities exchange (I wouldn't touch anything on the commodities exchange, personally).
    Guardian likes this.

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