US oil production increased by 1 million barrels @ day in 2012. Oil production increases in similiar range are expected for the next 4-5 years. Leading to US energy independence.
These are the circumstances that increased US federal government revenues by 200 billion in last year. This reduced federal deficits to an expected 640 billion—with similiar decreases expected for the next several years.
As well rising US oil production decreases the US trade deficit which increases the value of the dollar—which will reduce the cost of oil.
Lower US borrowing and a rising dollar and lower oil costs ...all mean that for the next five years or so the price of gold will go down.
US oil production increased by 1 million barrels @ day in 2012. Oil production increases in similiar range are expected for the next 4-5 years. Leading to US energy independence.
These are the circumstances that increased US federal government revenues by 200 billion in last year. This reduced federal deficits to an expected 640 billion—with similiar decreases expected for the next several years.
As well rising US oil production decreases the US trade deficit which increases the value of the dollar—which will reduce the cost of oil.
Lower US borrowing and a rising dollar and lower oil costs ...all mean that for the next five years or so the price of gold will go down.
In all seriousness, I hope you are more vigilant and less trusting than your post leads me to believe.
Unfunded US mandate projections : 100 to 200 Trillion.
USA is bankrupt, they just on`t know it yet.
Ergo BRIC and the loss of USD as reserve.
Then the SHTF.
You simply cannot predict that.
Economics, despite what the currently-stylish schools tell us, is not mathematics. It's more closely related to psychology. Prices are based on billions of people's individual valuations on any given day.
But, we shall see.