Crude oil is oil, also known as "black gold", which is customarily called crude oil extracted directly from oil wells.
Gold and silver are precious metals. Precious metals investment is divided into physical investment and electronic transaction investment. With the aggravation of the threat of inflation, the turmoil of the global economic situation and the outbreak of the world financial crisis, the demand of precious metals investment, which has the function of hedging, has shown an explosive growth trend. Precious metals, because of their high liquidity and value preservation, can resist currency changes and price increases caused by inflation.
Generally speaking, the rise of crude oil price indicates that the price of gold will also rise, and the fall of crude oil price indicates that the price of gold will also fall.
In the medium and long term, the fluctuation trend of gold, silver and crude oil is basically the same, but the amplitude is different.
From the commodity point of view: crude oil and gold and silver are commodities, which can be bought and sold directly in the market. Moreover, there is a unified relationship, that is, the price of goods is unified all over the world, and the quotation method is open, transparent and unified, and it will never be fraudulent. This openness and transparency has brought a fair market.
From the investment point of view: crude oil and gold and silver are products with the same correlation. Crude oil, gold and silver are all linked to the US dollar, and all three products use the US dollar as the basic currency of the international market.
From the perspective of investors: investors can only say that these three varieties are suitable for investors who invest in crude oil and gold and silver, because the threshold for domestic investment in such spot exchanges is very low at present. As an investor, you only need to find a safe and secure exchange to open an account.