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To: bob k who wrote (122)	4/29/1999 8:39:00 AM
From: bob k	Read Replies (1) of 141

FOA (4/29/99; 6:05:32MDT - Msg ID:5305) Oil usagold.com Michael Kosares (Usagold), I just read your "The Fifth Horseman" piece on the Gilded Opinion page. Very nice write-up, indeed! With crude rising some $.60 yesterday, it looks as though we are beginning a new era of commodity pricing. I think that most people have completely forgotten just what an impact oil prices can have on inflation. Just as you write, " This Fifth Horseman could very well be the most intimidating of them all", also I add, so will it be an intimidation on the dollar! Another fine point is also made with " What makes the current situation more dangerous than the 1970s, as shown in Chart 2, is that during the 1970s the United States imported roughly 20% of its oil. We now import nearly 60%". The pricing changes, that such a percentage disparity suggests, will deflate many portfolios. When the asset shift begins it will be of a "historic proportion" and require long hours of discussion on this forum. FOA