2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (135414)	9/4/2017 3:24:44 AM
From: Elroy Jetson	Read Replies (1) of 217574

The Saudis would love to sell more oil and gas to China, but they don't want to receive payment in a poorly convertible currency like Chinese Yuan. China doesn't want to get into a long-term contract requiring them to come up with US Dollars or Euros because China can't make these currencies and a guy like Trump could unexpectedly make it difficult fro China to get Dollars or Euros due to sanctions or what not. So China needs to come up with something they can produce, which the Saudis are willing to take in payment for oil and gas. The problem is most Chinese goods are not in big demand in Saudi Arabia, gold is one of the few items China can barter in exchange for oil.

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