This is absolutely one of the best articles I have seen on the relationship between Oil, Gold, and the Dollar. We can assume that inflation is on the way, and the author highlights US debt and fiscal policy as the central cause. Furthermore, he explains, we can assume that other countries will want to move away from the dollar and those efforts will force a collapse in our monetary value.
With a spiraling dollar, all commodities will be forced to rise in price. Also, as other countries move away from the dollar, metals will become the most obvious hard currency reserves. As the world chases down a dwindling supply of bullion, commodities could rise to unthinkable highs.
I think that he is right on the money here (pun intended). We can expect Oil, Silver, Gold, and Copper to remain the only real and stable currencies in the world. I don’t trust the dollar, and I don’t trust common equities in an environment of the nature described.