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The Gold price has been up near the $2,000 mark but has not got there yet; economic circumstances affect the gold price. The problems with the European economies are one relevant factor, however, most nations have been printing money at an alarming rate with nothing to back it up, the dollar used to be pegged to the price of gold but this ended in 1971, since then the printing presses have been running and producing banknotes with no real value.
The recent discoveries of massive oil fields in Latin America, especially in Brazil, has made the Indian oil companies to rush to look for possibility for procuring crude oil from the region.
Crude oil looks like a great low risk opportunity |
