January 2015 www.preciousmetalsinvesting.com
Oil has been in the news. The prices are dropping. With the New Year people are cheering prices at the gas pumps that are less than $2.00 a gallon. In fact I saw one gas station in my area that was charging $1.82. Lots of financial pundits are saying that low gas prices are like a tax cut and the consumer now has more to spend to drive the economy. They are cheering too. However there might be some long range ramifications of low gas prices that go beyond the media buzz. Some cracks in the economic system are beginning to show. The financial markets today are all interrelated and interdependent. What happens in one sector does not occur in a vacuum but it’s effects ripple out in wider and wider circles often with unseen consequences. Some financial commentators are saying low oil prices might just turn out to be the black swan event that brings down multiple sectors that today are only being propped up by their over-leveraged and overloaded debt and paper promises. Today on http://www.preciousmetalsinvesting.com Ted Sudol and Paul Mladjenovic, author of Precious Metals Investing for Dummies discuss some of these other implications and how they are important to the precious metals investor.