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Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

 
waht
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02/12/2013 06:51 PM
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Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Will oil soon be traded in a currency that is thousands of years old? What would a “gold for oil” system mean for the petrodollar and the U.S. economy? Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar? Since the 1970s, the U.S. dollar has been the currency that the international community has used to trade oil around the globe. This has created an overwhelming demand for U.S. dollars and U.S. debt. But what happens when the rest of the globe starts rejecting the increasingly unstable U.S. dollar and figures out that gold can be used as a currency in international trade? The truth is that it doesn’t take a lot of imagination to figure that out. Demand for the U.S. dollar and U.S. debt would fall off the map and there would be a rush into gold unlike anything we have ever seen before. So are Russia and China accumulating unprecedented amounts of gold right now because they eventually plan to cut the legs out from under the petrodollar and they want to gobble up huge stockpiles of gold before the cat is out of the bag? Of course they will never admit this publicly, but there are rumblings out there that this is exactly what is happening....


Read more at [link to investmentwatchblog.com]


damneddamneddamned
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02/12/2013 07:03 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Houston is controlled by the big oil companies, and they just banned the buying and selling of gold...


Petrodollar doom!
mr. Bel

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02/12/2013 07:12 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
r u an idiot? How can you kill something that is not human or animal? IDIOT!@
Anonymous Coward
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02/12/2013 07:22 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Noo... It's USD forever and ever.. DEBT to infinity and beyond.



You fucking dumb asses that claim the demise of the USDollar never figure in the BLACK MARKET....



When the briefcase gets openned, they wanna see $100 BILLS.


Not fucking ruble or yaun or whatever......





Pull head out of ass....NOW!






hiding
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02/12/2013 07:31 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Read Another's Thoughts. According to him, oil has always been sold in gold bullion, that is why our reserves are gone. Cash price is recorded for sale in dollars, but the real transaction is in gold.

.
Anonymous Coward
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02/15/2013 07:12 AM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Next will we see "meteors" over China?
hiding
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02/15/2013 07:20 AM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
Will oil soon be traded in a currency that is thousands of years old? What would a “gold for oil” system mean for the petrodollar and the U.S. economy? Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar? Since the 1970s, the U.S. dollar has been the currency that the international community has used to trade oil around the globe. This has created an overwhelming demand for U.S. dollars and U.S. debt. But what happens when the rest of the globe starts rejecting the increasingly unstable U.S. dollar and figures out that gold can be used as a currency in international trade? The truth is that it doesn’t take a lot of imagination to figure that out. Demand for the U.S. dollar and U.S. debt would fall off the map and there would be a rush into gold unlike anything we have ever seen before. So are Russia and China accumulating unprecedented amounts of gold right now because they eventually plan to cut the legs out from under the petrodollar and they want to gobble up huge stockpiles of gold before the cat is out of the bag? Of course they will never admit this publicly, but there are rumblings out there that this is exactly what is happening....


Read more at [link to investmentwatchblog.com]


damneddamneddamned
 Quoting: waht

when paper money is worthless only tender is gold if you not got any gold then you got nothing.
Jase747

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04/13/2013 02:20 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
bump
Jase747

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04/13/2013 02:29 PM
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Re: Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?
bump

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