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Alternative Investments
Section 19-5
Alternative Investments
• Real Estate - includes land and anything
attached to it. (PPT. 19-4)
• Commodities – grain, livestock, precious
metals, currency, etc. (considered very risky)
• Collectibles – ancient coins, works of art,
and other rare items
Why would one want to
invest in collectibles such
as these?
• Commodities – grain, livestock and
precious metals
– Speculative investment – high risk!
• Futures contract – agreement to buy or sell
and amount of a commodity at a specified
price in the future. It also includes buying
& selling of currencies and financial
instruments (U.S. dollar, Japanese yen,
Treasury bills)
• Agricultural – corn, wheat soybeans, etc.
– Producers sell their crops in advance of a
harvest at what they believe is a good
– The futures contract buyers hope the
price of the crop will go up when crop is
harvested so they can earn a profit
• Weather, international trade agreements,
and worldwide demand and supply affects
commodity prices.
• Gold, Silver, & Precious Metals
– Global importance
– Gold has longest history as a monetary
– Economic conditions as well as supply &
demand affect these metals
– The current price quoted for the precious metals
in the world market is known as spot prices per
one troy ounce
– Money invested in these metals do not earn
interest; however, you may profit from selling
at a later date
– Many view these as a protection should
currency become worthless
Currency & Financial Instruments
• U.S. dollar, Euro, Japanese yen, & financial
instruments such as Treasury bills and notes
are traded on futures market.
• Prices are affected on economic outlook &
current interest rates
Commodity Exchanges
• Commodity Exchange – Chicago Board of
Trade (CBOT) – best know exchange where
commodities are bought and sold
• Chicago Mercantile Exchange
• Kansas City Board of Trade
• Brazilian Futures Exchange
• Common types of collectables:
Rare stamps
Baseball cards
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