since her death the price of oil and gold has risen. Why? Pakistan is not an exporter of oil. Why is her death affecting these two commodities?
2007-12-27 04:34:15 · 9 answers · asked by i_squeeze 1 in Business & Finance ➔ Investing
probably isn't any connection - it's just a coincidence
the price of oil and gold will rise without Bhutto ....
2007-12-27 06:31:20 · answer #1 · answered by Amethyst 2 · 0⤊ 0⤋
The prospects for a democratically elected government in Pakistan are looking less likely and this may trigger sympathetic attacks in neighbouring countries. Perhaps traders are anticipating countries will stock pile oil which will temporarily lift prices. Gold price depends on global uncertainty.
2007-12-27 04:43:29 · answer #2 · answered by Ben O 6 · 0⤊ 0⤋
Instability. Pakistan is about 51% pro-American and 49% anti-American, and it is a nuclear power. There are probably 20 million people in Pakistan who think it would be a good idea to slip a Nuke into Los Angeles Harbor and set it off. Oil and especially gold rise in times of instability.
2007-12-27 04:39:26 · answer #3 · answered by The Oracle of Omigod 7 · 1⤊ 0⤋
Lack of stability. When there is uncertainty investors go to Gold. Pakistan has nuclear capablities, the instability in the region + oil in the region, possible interruption = oil prices go up.
2007-12-27 04:38:45 · answer #4 · answered by aattaacckk 3 · 0⤊ 0⤋
Gold and Oil each go up and down on any uncertainty. The fact that they are going up is based upon expectations that riots and political unrest and perhaps further assassinations may occur in that part of the world.
2007-12-27 04:41:21 · answer #5 · answered by Singing Chipmunk 3 · 0⤊ 0⤋
Oil prices go up as steady as a healthy heart beats, so no surprise at any increases in oil prices. Serves the 'civilized' world right to be addicted to oil.
2007-12-27 04:40:08 · answer #6 · answered by !truth! 7 · 0⤊ 0⤋
its a corruption thing.
there are over 500 oil refineries in the US, last year a third of them reported accidents which made the news. every accident and the speculators pushed the price of oil up.
the year before, 12 refineries had such accidents.
hmmm.... smell a rat?
2007-12-27 04:39:27 · answer #7 · answered by Faesson 7 · 0⤊ 0⤋
It's just more uncertainee in the world. Pakistan is a nuclear power that is now more unstable.
2007-12-27 04:37:53 · answer #8 · answered by BILL 6 · 1⤊ 0⤋
BUTTO is one of th most charismatic leader and leader of her mind,prominent person in the politican circles so her death ll send huge ripples across the world
2007-12-27 04:40:48 · answer #9 · answered by Antartica C 1 · 0⤊ 0⤋