Oil Surges to Highest Year-End Price Since 2007 on Dollar

Posted: January 2, 2011 in Current Events, Financial Survival, Gold, Investing, Precious Metals, Silver

Heading into 2011 oil is sitting at the highest price since 2007.  The momentum in oil will continue next year.  I am expecting a big year in oil.  I would not be shocked to see oil at $150 in 10 to 12 months.  The dollar will continue to fall, we have not built a refinery since the 1970′ s and supply/demand. 

Investing in 2011 will be much like 2010.  The following areas should do well.

1. Sound Money ie Physical Gold and Silver

2. Agriculture

3. Energy

4. Shorting US Treasuries

5. Rare Earths

Of these five ideas, the most important is sound money.  People following this blog understand a currency crisis is very possible in 2011 or 2012 at the latest.  The Euro should collapse first then the dollar will quickly follow, both currencies could fail in 2011.  If or when this happens the elites will likely try to rush in a global currency in the form of SDR.  We can already find SDR values on US Custom Forms and the US Postal Service has started quoting SDR’s to Dollar conversion rates.  Regardless of our currency if you have sound money you can covert to any currency.  There will always be intrinsic value for gold and silver.  There is no value to a fiat currency backed by nothing that can be created out of thin air.

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