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The Year in Commodities

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

A quick analysis shows us that gas prices rose $1.02 a gallon in 2009 up from a low of $1,62 at the end of 2008.  Oil, which  finished the year at $79.36 per barrel, was up 78% for the year.  Gold, which we are hearing so much about today, finished 2009 at a staggering $1,095. an ounce.  Surprisingly, that was only a 24% increase meaning that oil would have been the wiser investment in the year that was.  Oil could, however, approach the $1,400. level this year maintaining its role as an international safe haven for dollars.