Opec Chief Warns Of $200 A Barrel Oil Price
The president of Opec, the cartel of oil-producing countries, has given warning that the price of crude could hit $200 a barrel, sparking fears that rising fuel costs will force more businesses into bankruptcy.
Chakib Khelil, the Algerian Energy Minister and president of Opec, said that the falling value of the US dollar would continue to drive up oil prices as investors sought to store their wealth in other assets.
Lehman Brothers, the bank, has said that high prices are being sustained by an influx of money into the oil market from investment funds. It estimates that "hot money" accounts for between $20 to $30 of the recent increase in oil prices and about $40 billion (£20 billion) has been invested in the sector so far this year — equal to all the money pumped into oil last year. (Read More)
~ Welcome to Flying Eagle Gold & Silver ~
 As the continuing upheaval in the American financial markets have shown, the paper economies of the world are proving to be incredibly fragile - and the dollar is proving not to be immune. If you don’t believe it – keep your eyes on the daily market headline. With the current roller-coaster ride being provided by Wall St. and the disaster in the sub-prime mortgage markets, which has affected the entire building and real estate markets – we may be on the brink of the next global depression.
Since the introduction of the Euro as a legal-tender currency in January 2002 – the US dollar has lost in excess of 60% of it’s value. What does the future hold for the dollar with the impending formation of a North American Union and the introduction of the rumored Amero?
The historical importance of owning gold coins is well known throughout the world and the greatest opportunity for diversification exists today by adding historical, collectible gold and silver coins to your physical holdings. This may be the most affordable “wealth insurance" you'll ever own and Flying Eagle Gold & Silver offers one of the largest selections of coinage in the world, with a vast selection of American and International issues, which affords you the opportunity to acquire a wonderfully diversified holding of quality gold, silver and platinum coins at exceptional value.
Although having gained in value sharply over the past few years, with gold at today’s levels, the opportunity is still within your grasp and remains a great value in your quest to protect your future with the ownership of gold. Whether you choose to acquire silver for everyday use in the uncertain economy of the today or just wish to hold the security of gold & silver to provide for the future of your loved ones or interest lies with our International Collection, or the highly sought after American dream coins, certified by the experts – we can fulfill your needs, as Flying Eagle Gold & Silver offers the most private, non-confiscable gold and silver coins in the world - at competitive cost and in the strictest of privacy - and we take personal pride in putting your interests ahead of all else. After all – it’s your money!
Consider the examples contained within this gallery and contact us for a private consultation by calling 1-623-327-1778 for the truth about Protecting Your Wealth! Whatever your reasons for purchasing precious metals – we will be proud to serve your needs.
…and while you’re at it, for an alternative view on investing in your Individual Retirement Account (IRA) visit our sister site, GoldenIRA.net
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