Saturday, September 04, 2010      

How will $50+-per-barrel oil effect American's pocketbooks?

              -- -DMB, Oct 2004

ANSWER: High oil prices are a troubling issue for investors. It sucks purchasing power out of American pocketbooks. Oil prices have jumped from $17 in 2001 to over $54 in 2004! Historically, higher oil prices also bring HIGHER GOLD and other commodity prices! Another oil spike could tip us into a recession, or worse! I strongly recommend diversifying a small portion of your assets into tangibles, as a hedge against the coming oil crisis.

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