I’ve been following the financial news a little more lately than I have in past. I don’t like what I hear.
An interview with a Shell Oil representative is claiming we might be paying $5 a gallon in two years. I shudder to think about what that means for me for California because we are up there with the most expensive gas in the nation. It’s a good thing that I work at home and don’t drive too much.
Then earlier today, I came across this article that predicted food costs more than ever and the United Nations says prices can go much higher.
Great googly moogly, higher gas prices and higher food prices?!?! What can be done about this? I’ll tell you what I’m doing: hedging my investments. When gas was cheap, I bought some PowerShares DB Oil Fund (NYSE:DBO). I also bought some PowerShares DB Agriculture Fund. Investing in these two commodities takes some of the sting away from rising prices.
What do you think? Are you hedging your bets against higher prices or not? Is now the time buy or have prices of these ETFs already risen too much? Is this six straight question I’ve asked? Yes it is.