MikeCristo8
@MikeCristo8
If you put oil back onto a gold standard and dollar is removed from the gold price because inflated dollars are pushing the gold price higher.
What would ultimately happen to gold price if oil is pegged to it?
There is a self correction coming for the gold to oil ratio.
Big ramifications coming to the dollar.
Gold price will go down, not up because gold is real money and USD is credit.
If the BRICS pay has already been launched, then the unit has been launched.
That why gold and silver had a big day yesterday.
What OPEC wants (in my belief) is a single currency with one exchange rate backed by gold that BRICS countries can trade into for their oil needs.
Your trading your local currency for a gold-backed universal oil currency that OPEC approves.
So the gold oil ratio seems like the next logical step in this process.
Everyone is making it so complicated.
The reason why foreign central banks are buying gold is because the oil trade will be settled in gold.
They are getting ready to blame the collapse of the dollar on Iran.
Remember when China got Saudi Arabia to sell their oil in yuan currency in December on 2022?
That was the beginning of oil being put on a gold standard.
This is where Russia and China started really teaming up.
