CovenantNews.com

Laws Against Buying Oil - Gold & Silver?

Julian D. W. Phillips / Gold Seek:
The chairman of a Senate oversight committee, Joseph Lieberman, has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil. The chairman of the Senate Homeland Security and Government Affairs Committee said that the legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar.

Posted by Editor at May 29, 2008 05:14 AM