However you had dissed my comments before I even wrote that.

Anyway please find a quote where Buffet has ever recommended anyone to purchase EFT's, I think by now you now realise it does not exist as you had understood low cost tracker funds to mean EFT tracker funds, something Buffet has never said.

I said nothing about commodities.

My concern is with your statement of "any serious investor always avoids commodity ETFs and ETFs in general." Serious investors most certainly use ETFs to great effect, although commodity investing (whether or not as an ETF) is more like gambling in Vegas unless one is very savvy.

A simple S&P 500 ETF will beat managed funds ~85% of the time, and for people who are not in a position to actively manage their investments that 10% annual return over the long haul is quite good.

We have a massive oil tank for the central heating, 10000 litres- just ordered a top up ready for next winter at 59 centimes- lowest ever for us since we arrived here 11 years ago.

Oil is priced in USD which also helps you slightly at the moment.

Even if that were true it woulnd't change a thing. You're unable to prove your claim.

Oil markets are getting back to normal.

Fantastic idea! We're putting an order in now as well. Didn't get 59 Rappen per liter, but much better than the last few times we filled up.

A good idea is to become part of a group of locals to buy in bulk. We have a friend here who organises it- about 20 of us and therefore we get a much better prices as we buy 100.000 litres + every time. If there isn't one where you are, approach neighbours and get a group going.