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Geopolitical Uncertainty
April 27, 2009

What is the outlook for oil and inflation?

Oil War Economy

"Peter Scholtz, who runs Scholtz & Co. in New York, sees the price of oil rising to $100 a barrel as a worldwide economic recovery spurs inflation and the Federal Reserve attempts in coming months to mop up all the liquidity it has pumped into the system. 'They will be walking a tightrope,' he says of the Fed. 'If they don't get it right, there is going to be a big inflationary problem. We are at a turning point, and I don't think the Fed has the dexterity to handle it.'

Scholtz's views are consistent, at least in part, with most other Big Money respondents. Nearly 80% think inflation, not deflation, poses the greater risk in the next three years, a potential consequence of massive government spending."

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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