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How can the average person hedge against rising petrol prices?

Discussion in 'Commodities' started by Spanning Tree, May 22, 2008.

  1. Spanning Tree

    Spanning Tree

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    Suppose you wanted to stabilize the amount you pay on petrol. Would it be sufficient to buy gold ETFs or BHP shares on the ASX or would you have to do something more complex like buy oil futures?
     
  2. nioka

    nioka

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    Invest in coal seam gas shares. The best hedge against inflation that I know. Work out how much you need for fuel for the next 2 years at todays prices. Invest that amount in oil and gas stocks and draw down monthly for your fuel for the next ?????? so many years. Capital gains and dividends SHOULD pay the way. I'm not always right so DYOR. ( I'm not always wrong either)

    PS Forget gold unless it is the black variety.
     
  3. doctorj

    doctorj Hatchet Moderator

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    Go long bicycle manufacturers ;)
     
  4. Temjin

    Temjin

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    There are Oil / Natural Gas ETFs out there. :)
     
  5. Trembling Hand

    Trembling Hand Can be found on the bid

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    I like it! Even better just go buy a bike :p:
     
  6. doctorj

    doctorj Hatchet Moderator

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  7. Timmy

    Timmy white swans need love too

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    If only these profiteering b'stards were required to show bid and offer prices we could sort 'em out quick smart.:D
     
  8. Tysonboss1

    Tysonboss1

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    Invest $2000 and convert your car to LPG,....
     
  9. wayneL

    wayneL Rotaredom

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    *Stay at home and trade oil. :D

    *Live in a small compact city - We can get everywhere by walking or bike.

    We haven't filled up the car for over a month. :cool:
     
  10. 2BAD4U

    2BAD4U

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    Put prices up to $2.00/L + so more people think twice about using a car. Fuel in Australia is still cheap. If you don't like it drive a 3 cylinder Suzuki.

    FWIW, I drive a V8 and use BP ultimate which is 10 - 15c more expensive. That's my choice and I don't complain.
     
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