eurozone is a euromess

The eurozone is a euromess. Problems are not over, but will become far worse. It is not just greece. Also in trouble are italy, portugal and spain. Back in 2005 I told people to buy bullion as in physical gold and hold metals most precious. The debunkers laughed and said gold which was then $400/oz would fall to $200/oz. Well, here we are. It is now 2010 and gold has nearly tripled in price. Today it is over $1100/oz and rising. I told people that gold was a haven most safe and secure. A lot better than paper. Of that you can be sure. The future price of gold is much higher than now.

cheap oil gone

OK some economy experts say cheap oil is here to stay and high prices go away. However, I say that even if US consumes gas less and burns oil less, China is growing. It's huge population wants to have cars. Expect oil to go up. The future price of oil is going up.

gas price jumps

Hey, two weeks ago gasoline was $1.88/gallon, but the day before yesterday I paid $2.46/gallon. Folks, we could soon see gas over $3/gal, I mean last year it was over four. Petroleum price are increasing. The cost of oil went over $60 for the first time in many weeks and seventy is not far behind.

Hey, gas prices jump in the last three weeks. This is not an indicator of an economic recovery, but rather of inflation. Food and fuel are going up.

The future price of oil will be much higher than now for two reasons; first the decline of the dollar, and also we hit peak oil in 2005. Guys, every year we produce less petroleum. This will impact the price at the pump.

Future of Food

Try as we may, science does not always deliver on its promise. Future of food is one of famine as new super weeds and disease that shall destroy our crops. The chemicals we use to protect ourselves will not save us. Future price of eggs will be much higher as grain becomes scarce. Shortages of food will become common.