Loading ...What prevents US centric entities selling oil to the Chinese as much as possible and then taking the gold?
Seems to me a quick Charles de Gaulle raid a la US treasury and London gold pool collapse would destroy the Chinese contract swiftly.
The worldwide gold/oil ratio would have to expand enormously. If we are at 20:1 (1300/65) it would have to go to 50 or 75:1 so all that gold China acquired doesn’t vanish. What is the gold/oil ratio in Mother Earth like AU/AG 10:1, yet trading 80:1?
The ghosts of Nelson Bunker and Lamar whispered in my ear, “Expect the unexpected.”