SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (45528)4/1/2002 6:17:43 PM
From: t2  Respond to of 99280
 
That oil may spike, it will spike for everyone not just the US. So the issue is not just oil but where would be the safest place to put your currency in a mid-east conflict. The answer is US dollars. No other >>CURRENCY<< is safer in a mid-east conflict.

I don't get this oil price spike. The US military is right there in Kuwait and Saudi Arabia...on land!
I can't believe people out there think the current it will lead to any type of oil issue.

Demand driven prices I can understand but this supply thing makes no sense to me. If these fears are really responsible for the spike in prices, I would be looking to see a big drop in price very soon.

My feeling is that the Arab producers are not even considering the idea of any embargo..except Iraq (no surprise).

jmho



To: sylvester80 who wrote (45528)4/1/2002 8:51:59 PM
From: KyrosL  Respond to of 99280
 
I think the Australian dollar is safer than the US dollar. Australia has no dependence on foreign oil (they are actually an exporter), has no trade balance problems, is even more isolated and self-sufficient than the US, its currency is near its all time low vs the US $ and is more than 25% undervalued on a purchasing power basis, and is a significant commodity and gold producer.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News