“1. Obama is killing the dollar with his overspending,
2. the Arabs are laughing at any political pressure the US is threatening to hold the price down.”
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Is everyone in America blind to the largest 800 pound gorilla in history?
(Peoples Republic of China)
We had best start paying attention. China is the threat.
And China is the reason our economy in imploding.
WE ARE SENDING OUR ECONOMY TO COMMUNISTS
The comments here largely miss the point. The US$ is being devalued making the costs of gold and oil and many other goods rise.
To relieve the pain, hedge by buying stocks or mutual funds that are rising in value.