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

To: clochard who wrote (109299)	12/29/2014 6:32:40 AM
From: elmatador	Respond to of 219951

The End of The Oil Standard some interesting parallels to the suspension of the U.S. gold standard in 1968 to 1971. by Greg Croft, originally published by Energybulletin.net \| Feb 7, 2005 Few commentators have recognized the significance of OPEC's January 30 (elmat that is 2005) decision to temporarily suspend their price band mechanism. If the suspension is indeed temporary, it may not be that important. If it isn't, there are some interesting parallels to the suspension of the U.S. gold standard in 1968 to 1971. ... Was the oil standard an accident or was it a deliberate product of U.S. policy? Motives are difficult to determine and the U.S. Treasury has not claimed to tie the dollar to oil prices. The ultimate effect of the end of the oil standard is difficult to predict, but one should not understate its importance. Message 29870932

To: clochard who wrote (109299)	12/29/2014 9:50:09 AM
From: Metacomet	1 Recommendation Recommended By Elroy Jetson Read Replies (1) \| Respond to of 219951

...maybe not Russia's giant gold reserves have done nothing to protect Russian savers from the collapse of the Ruble... RUSSIA has been the world's biggest central-bank buyer of gold in 2014, taking its national holdings into the top five worldwide, writes Adrian Ash at BullionVault in a story first published at Forbes. But Russia's huge central-bank gold demand has done nothing to stop its currency and economy crashing, an awkward truth for hard-money fans in the West who think central-bank buying always signals strength and vigor. bullionvault.com