Hi Hivers,
Do you remember that when Covid spreaded seriously to the Western world the oil prices took a dump and expiring rude oil contracts could not be sold anymore as there was no storage. Their value became negative !
Those with storage and those who saw it coming (like the 6 students in the UK) became rich overnight! One badly managed large Dutch pensionfund lost billions!
But more actual today is the commodity Liquid Natural Gas.
In October 2021 I saw this coming wih the Russia tension and the increase in gas price at the time. But buying LNG to hedge is not that simple. I mean I assumed I cannot buy a term contract on the market as a small inevestor so I looked for a gas tank of say 2000 M3.
What is available is a tank like the one above. It contains gas is gasform under pressure (so not liquid gas) and you can buy and use that but only when there are no buildings 12 meter around AND the tank must be on a spot that can be reached by a truck (to place and refill).
And that I do not have! So I did not do anything.
When you look below you see how the gas price wen up after which it now is in a rollercoaster flow. A recession causes it to go down and the war causes it to go up. It is difficult for everyone and good for a few like Norway (gas exports tripled) and maybe Qatar and Algeria.
With winter coming I wish all much strength as these energy costs will trigger events not seen in ages in the West.
If one of you knows what the impact on crypto will be go ahead. I am blank here!
regards
Goldrooster