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IMHO barrel of oil or ounce of gold (or futures for them) are both assets because of storage of value and inflation hedge etc...
BUT if the books spend couple of pages to argue that it is not an asset class than it may be more logic to remember it for exam purpose.
Thanks for clearing this topic!
Edited 1 time(s). Last edit at Thursday, May 5, 2011 at 11:27AM by Vyentil. |
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