I have read from many sources that the price of gold might go as high as 2,000 dollars an ouce in the next few years, what are your thoughts on this? Do you believe that gold and oil are interrelated?

Yes everything gets more expensive but what I am saying is that gold is going up only because the US dollar is going down and also because Oil is going up, I am sayingt that they are interrelated!

Hi beerman,

It means if the gold is getting higher now, this is the best time to invest gold then... ....And this is the best time to have gold investment then....but ok wait let me see if my timing is also good or not...hahhaahah...

I'm not a economist but I think it works like this.

USA borrows money using gold as coladeral. It pays for oil using said borrowed money. The demand for oil rises so the price of oil rises. USA needs to borrow more money using its gold as coladeral there for raising the value of the gold.

Its a simple explanation but yes they are interrelated.

I am no stockbroker LOL! All I am saying is this is what I have read in the newspapers and also in many other forms of media! However I think that what they say makes some sence dont you think?

link [www.gold-eagle.com]

link [www.zealllc.com]
This one has so many weird terms it makes my head hurt but it seems to agree, maybe if you trawl through the crap you might find out why

I think its because oil is highly inflationary as everythin goes up in price because oil is needed for almost everything we buy everything from the clothes we wear to the transportation to get the things to market! ALso its because as inflation heats up the dollar falls so it takes more dollars to buy gold so I guess this is the interrelation that they are talking about I think anyways!

I think that gold has been the basis for economic strength of a nation and it would be better to invest in gold right now since gold prices have been soaring. Maybe oil and gold prices even the basic commodities are interrelated. Gold for cash

They have been saying that for quite a while now, my feel is that it's just a way to sell gold.

yah realy gold and oil are inter related as we know that we obtain these both as same as minerals from their ores. Really when the rate of oil is higher as wil the rate of gold be up huh

I wouldnt be suprised.

I bought 4 oz a around 4-5 years ago, for 400 each 1 oz, now they're around 900, so sure.

Just an update on this topic. Gold is not at around $1060 and so lets just see how hight it will go!