Better to sell your dollars and buy oil

The US currency is hitting its lowest compared to major world currencies and it is at its lowest ever against the Euro. The value of the dollar is declining while the price of crude oil is rising daily. Crude oil is now priced at $102 per barrel. The message is crystal clear to those who have dollars. Don’t keep your dollars or any weak currency. It is better to get rid of your dollars today. Use the money to buy anything, such as gold, silver or any metal, while it is still valuable. A better option is to buy crude oil as it is cheaper compared to base and precious metals like aluminium, copper, lead, gold and silver. However, on second thought, the price of crude oil has also increased while the US dollar continues to weaken.


This seems to be an absurd suggestion but this is the reality in the global market today. No other investment opportunities are available and people are afraid to risk their assets. Currently, the cheapest commodity with great potential for growth is crude oil. The price of crude oil will most likely increase in the next few days, breaking the record price of $102 a barrel. Investment funds are pushing monies out of equity to commodities. This might be the right time to ‘play’ in the oil market.With the weakening of the US dollar, the prices of other commodities have also increased remarkably. Gold is at its highest at $960. Prices of silver and copper are also at their record highs while aluminium is over $3095.

Arab Times