(1) playing out the scenario, that should <<the price of oil falls below $10.00 per barrel and gold deflates to $200 - $300 per oz>>
... saudi arabia would slip into systemic revolution, and oil skyrockets to price X
... while gold descends to $200-300, some group of sovereign entities would have snarfed up a whole lot of gold on the way down, for a rainy day
... all assuming that the market is a self-correcting mechanism
(2) am pondering on which sort of entities would want to see price of gold go up, and which would wish to see PoG go down, and when, and same pondering again w/r to oil
(3) should gold become more useful than it is now, and gets re-integrated into the operational world via oil-link, the PoG should trend up, a guess, else the gold gets snarfed up by the users who have imperative to gather more
Re <<am I wrong to assume that would be tantamount to currency war?>>
... perhaps better termed 'currency revolution' rather than war, for the actioning merely returns gold to its former role, much as what happens when a former group of elites (who turned wastrels, reformed) overturn the current group of wastrels.
watch & brief |
