Buy Gold: Oil could hit $250 a barrel

Gold Investment - 12 December 2011

Another factor that could add to the positive upward pressure experienced on the gold price is the fact that the cost of oil could soon hit the $250 a barrel mark, which will most definitely negatively affect the fragile global economy. This is if tensions between Western nations and Iran, the fifth largest oil exporter in the world, escalate into additional sanctions on oil imports from Iran.

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“Several European countries have cried out against oil sanctions. Spain, Italy, and Greece received most of the oil exported from Iran to Europe in the second quarter, and after coming out of a series of debt crises, those nations would feel the extreme pressure of a price jump” ($250-a-Barrel Oil Coming Soon?, Wealth Wire, Brianna Panzica, 5 December 2011). However, the United States has already “…put a ban on oil imports from Iran” and “…the E.U. will decide what sort of sanctions to put on Iranian oil imports by at least January” ($250-a-Barrel Oil Coming Soon?, Wealth Wire, Brianna Panzica, 5 December 2011). This is most definitely only going to further increase tensions between the European Union, the United States and Iran, especially considering that Iran has made it clear that they’re not going to take any of it sitting down. It is after all no secret that the real reason why they’re after Iran, is not primarily because of Iran’s nuclear ambitions, but because Iran is refusing for some time now to accept U.S. Dollars as payment for oil. Muammar Gaddafi of Libya planned the exact same thing and is now six feet under. Iran is however not Libya, they can and will response to any aggression or threat to its national security, or sovereignty for that matter, and rightly so. An increasing number of people worldwide are coming to the realization that the true threat to world peace and stability is not Iran. The truth be told, “Iran has not invaded any other country, nor have they attacked any other country, or even specifically threatened any other country in modern history. They DO talk about "wiping Israel off the map" but they've NEVER explicitly threatened to send bombs raining down on Tel Aviv.  Contrast that with Israel, which currently builds settlements on occupied land, attacked it's neighbour Lebanon with rocket attacks very recently, and which routinely threatens to bomb any Arab capital that happens to scare it that particular day “(Iran's Big Secret, Absurd World, 26 September 2009). Despite this the true aggressors will justify their actions, military and otherwise, against Iran through more false flag operations such as the 911 attacks. It is sickening, but it is the reality we’re living in and it is only going to get worse. The price the Western nations are going to pay for starting and fueling all these illegal wars are going to be extremely high. The moment the global fiat Ponzi scheme (the “paper gimmick”) collapses, when fiat currencies (non-redeemable paper notes, fiat paper money, the Devil’s money, toilet paper money, electronic money) such as the U.S. Dollar become absolutely worthless, any notion of peace and security currently experienced by Westerners will disappear like mist before the sun. The reason being is because the descendants of those we have murdered and maimed, will not help to protect us when the current political and military regime breaks down (due to fiat currency failures and other calamities), leaving us totally and completely exposed.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

Given the above, it is wise to acquire or buy gold, physical gold, especially while gold is still trading at price levels that don’t reflect its true worth. Yes, gold will not protect you when they come to physical harm you (and possibly your family), but as history as proven, gold will go a long way to preserve wealth when fiat currencies collapse. The same is true for a precious metal such as silver.