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Is buying oil cheaper if the USD is lower? Are prices going higher? Peter Schiff makes an excellent case that as the US Dollar weakens against all other major currencies, oil prices will no doubt start trading higher. Kevin Kerr has a slightly different view however he also expects crude oil prices are going higher in the short to medium term.
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Tags: oil prices, Peter Schiff, US dollar
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Peter Schiff was talking about oil prices at $100 US yesterday on his youtube video blog. Seems he was right about gold prices though, but gold at future $3000 US an ounce, really?