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RE: President Xi Is Days Away From Killing the Petrodollar

in #economy7 years ago

Great write up! I got to give this one to China...very smart. The US better follow suit. The USD used to be backed by gold until the Nixon era, then oil kept it alive via the Petrodollar. Without oil or gold backing it, it could be big trouble for the USD. Not to mention gold has been manipulated down in price for years. This has to be bullish for gold. Silver is also very undervalued in my opinion. Thanks for posting

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