Oil prices are going up? Gold prices are going up? Dolor is going down? How much it affects you and me?

Question

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Answer 1

Don't worry Man
IT CAN HARDLY AFFECT A MAN WHO IS A PENNILESS.
NO OIL REQUIRED
NO GOLD NEEDED
NOTHING TO BOTHER ABOUT DOLLARS
SIMPLY TO PUT..............................
NO TENSION AT ALL

Answer 2

Oil expenses are mostly controlled through tens of millions of people identifying to purchase contracts for destiny transport of oil, in many cases 6 months out. those investors wager that the fee would be larger or decrease interior the destiny and purchase sel those contracts for this reason. late Spring this 3 hundred and sixty 5 days there have been many concerns that hurricans might further injury oil production interior the Gulf of Mexico, that hasn't occurred. there have been fears that the war in Lebanon might reason Arab oil disruptions, which additionally did no longer ensue. summer is the season whilst many motorists purchase and use plenty greater gas than familiar, yet no longer as much as is familiar this summer. So settlement purchasers/sellers have been waiting for greater problems than rather occurred and now expenses are falling to mirror that subject. expenses for oil contracts are like genuine belongings expenses. If each and every physique wans to stay interior the comparable community those homestead expenses circulate up alot, whilst in comparison with expenses on the different fringe of city. If possibilities replace so do expenses. in specific situations they alter for seen motives, ex. that community is merely too companies to wildfires; in specific situations expenses replace for sublter motives.

Answer 3

Well it all depends. Oil prices don't really effect me because I ride the subway, oil prices in Toronto at the moment is at about 92 cents a liter(1 gallon=3.8 Liters) which is about 93.5 American cents because the Candian Dollar is higher then the American Dollar now. But since your American and you really shouldn't be cursing at oil prices right now, since America has I think the cheapest gas prices in all of the developed countries(ie. oil in America is about 78 cents a liter here its 92 cents.). But if you compare oil to other places such as China where its about 69 cents a liter, it's only because China has really low taxes on oil. But then oil has risen a lot because like in 2002 oil was 44 cents a liter it has risen about twice now. As for gold prices, they don't really effect me either, since gold doesn't pay dividends and even though its stable I'll doubt it will rise $100 more in the next 3 years since its only a metal. You'd get a lot more investing in blue chip stocks or large Chinese companies. As for the American dollar going down that's a bad thing for me, since my income comes from China, and the Chinese Renminbi is pegged to the American dollar, while the Canadian dollar is going up it's a bad thing. In 1999 1 Canadian Dollar was about 76 US Cents, and 1 Canadian Dollar was about 4 Renminbi. NOW, 1 Candian Dollar is $1.027 American dollars while 1 Candian Dollar is 7.7 Renminbi.

Answer 4

if you own a car then it will cost more for petrol. stuff you buy in general will go up too because merchandisers have to pay more due to higher freight costs. especially products that are petroleum based like make-up and carpet.

gold prices going up doesn't affect you unless you want to buy it.

dollar going down means if you travel to the US on holiday, you get a lot more dollar in exchange for your currency. but since you have to fly on a plane then maybe the airfare will increase due to higher oil prices. also foreigners are more likely to invest in the US, which is good for American economy. and because American goods are cheaper to buy, it is good for American manufacturing and businesses.

Answer 5

hi gEnTLe m@n...

hmm, frankly speaking oil prices are not affecting me as i am not a guy, so i really dont need petrol for my car and in Saudi Arabia women are even not allowed driving. So no petrol tension.

Ya but gold price has its affects. Gold iz really becoming very expensive. But its not a problem for me as my bf only buys gold jewelery for me...lolz...

Recently, he gave me a gold ring on my birthday...lolz....tc...sweet dreamz...bye...

*****dO w@TevEr uR hE@rT $@yZ....*****.

Answer 6

if the us dollar is going down, then my country s currency is going up. so no effect at all. yes if Dollar,Oil and Gold were all going up then it would have made our life miserable economically.

Answer 7

every thing is interrelated in economy.....oil prices go high...it will effect transportation.....which means everything...even vegitables...travelling....food will go expensive as grains vegetable needs to reach the market from fields....then if food and all othe rbasic necesseties are going up or have more prices you know wat happens or you can increase thisa cycle....
okay on the other hand.... dollar coming down as compared to our currency.....which means economy is going strong...and living standards are rising....

Answer 8

It is affecting all of us directly or indirectly!
We will have to comedown from our
'hifi' life and lead a noraml life!

Answer 9

unless U & I are ordinary monthly workers for some company,if you are a merchant or buiz people(Stock holder) you have to watch all those stuff

Answer 10

It affects on our daily needs,as they get costly.,iam talking about oil cost.