| | | Between this vector Message 33758901 , ahead of university endowments, Tesla, Elon, Amazon, Bezos .. most exciting, at some point, Berkshire whatsitname ... institutional, corporate and individual adoption, democratically, and
that trajectory Message 33758982
Should the global oil trade all get tagged to gold held at central banks at current gold / oil valuations, that would mean 35,000 metric tons of gold at $2,000 per troy oz <=> 35M barrels (close-enough for government work) at $100 per barrel, or 35,000 m ton x 32,150 troy oz / m ton x $2,000 per troy oz, or $ 2.25 to power 12 of gold in vault, otoh vs 35,000M barrels x $100 per barrel, or 3.5 to power 12 of oil trading In such an equivalency setup, more or less, should oil go to 200 / barrel, gold might ... assuming nothing else requires gold ... not gas, coal, uranium, solar energy gear, food, .... corporate debt, sovereign bonds, sinking funds, derivative margin, ... fiat currency backing
annual world oil con sumption
world central bank gold reserve
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