who needs gold when you can have oil. If stories about peak oil return gold will not be far behind.
Yes there is Peak Oil. Especially when you are not allowed to drill for any. There’s Peak Coal and Gas too. And Peak Food.
I expect Peak oil to take the back burner for the next few years as alternate energy products / better mileage autos start hitting the market (backed by government tax breaks/subsidies). Slow down in emerging economy’s will also push down oil demand.