Question: Any website that let's you invest in the stock exchange and global currency?
I need a broker website that let's you invest in gold/silver/oil and the NYSE too.
Anyone know any?
Thanks
Answer:
No, your combination is too broad. Oil is traded by futures contracts on the Commodity market. You can purchase gold or silver from precious metals brokers. Their is no one website or broker that sells all these products with stocks. Companies that sell oil, for example heating oil, buy futures contracts. When they buy the oil at a lower price and sell it to you at the current price, they take delivery of the oil and profit from the future contract. You would need at least $10,000 to open the oil futures account. More than likely you will then be ripped to pieces by the big oil companies that will not let you make the profits, selling them oil at higher prices. Technically, you can invest in oil by means of an ETF. Do not go to a website and open a oil futures account because you will be sorry you didn't listen to what I wrote. Gold and silver brokers buy their gold or silver back. Therefore you would need to find a NYSE broker who buys gold and silver too and then sells heating oil. Good luck