Loading ...Biggest Story Nobody’s Talking About …
No charts of EW this morning but only this news: “”China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry “. Bye bye Petro-Dollar !
Thanks Have. Interesting development indeed.
and the real reason why Iran and Russia and Chine are US targets
follow the money
once petrodollar comes into question, US is toast
I can’t wait till there’s more qualitative suggestions with this sort of news. Like how many bbl/ozs.?
And how will those ozs be levered to yuan? Why throw hard asset relative to unfathomable debt against Yuan?
I’m not sure any of us can imagine the world of $10k pog, and/or $300 poo.
I’m thinking 1000 tons of gold at $1500/ozs ($3bil) would cover a week (50 million bbl oil.) of imports.at $60…
How far off am I here/ anybody?
Away too many zeroo’s… ‘recalculated’ at 10 tons gold/day/7.5kk bbl oil/day
What, prithee, is pog? I think I know what poo is.
price of gold price of oil 🙂
Thanks. I didn’t think terms of $300 poo.?