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The Most expressive statistics starts with great oil, silver and gold mania approximately 1980. In previous years as a consumer goods, oil always followed the silver prices. Sixty years ago it was $1.25 for barrel. After the big lifting which has been connected with inflation, oil kept in a silver range, from $11 to $19 while Iraq has not intruded in Kuwait. At $19 for barrel oil is slightly overestimated. The range of the prices from $30 to $40 for oil puts it on frequency rate of gold and consequently is unstable. The price should fall.
On a coil of decade metals ' were enraged ', silver has reached $17 for ounce. Historically high, but it is real not an overcharge. $5 the range is much more convenient. Silver is constant pereproizvodilos that always interfered with its transformation into the currency standard. It especially pereproizvodilos in our country, the factor which becomes clearer in the head about economic styles.
When oil has passed for $30 for barrel, it has entered into a zone of the gold prices. Really, oil has been named by new gold when the OPEC has tightened the price. The Organization of Petroleum Exporting Countries could tighten the price of not simply that they formed cartel but because our inflationary economy demanded such price. Arabs always had healthy respect for gold. They have not been deceived by floating dollars and the international agreements to support the stable prices.
When gold was included into a silver range, being on sale for $900 for ounce, it became the goods. Oil became ' gold '. Gold became ' silver '. As oil by the nature as the consumer goods, cannot take a place of gold, which as jewels and ornaments, not to mention coins, always on sale, a situation could be at the best time. Oil at the price of $20 is tolerant. Oil on $12 is a corresponding range. Oil on $5 for barrel is the probability depending finally from stability in the Near East and a condition of a federal debt.
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