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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Metacomet who wrote (20590)7/29/2007 1:53:42 PM
From: Metacomet  Respond to of 220205
 
Gold Positive: Iran wants Yen from Japan not the U.S.$ for oil - Who and what next?
by Julian D. W. Phillips


"At the heart of the global monetary system lies the use of the U.S.$ as the currency used to pay for the globe's oil. Any change in that role has a disproportionate impact on the importance of the $ as well as its value relative to the globe's other currencies. If the oil producing nations of the world decided to use other currencies for oil payments then the global monetary system itself is undermined, making gold more attractive and long-term a safer place to hold one's savings."

(continued)

safehaven.com