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Is Oil the new Gold? If so what does that..?

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mean for gold prices? Will gold prices decline as a result?

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  1. natural gas is the play of 2008


  2. Bush and friemds owing large amounts of shares in oil companies= high oil prices.  Please you seem smart do you not see why this is happening, we pump 90% of oil we use from wells in this country.

  3. Temporarily. It means nothing for gold prices. Gold is a hedge against the dollar, if the dollar is up - gold is down, and vice versa. Speculation has caused a bubble in oil, it will pop (when is the question).

  4. No.  Gold is compact and easy to transport and store.  Oil is not.
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