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If Russia accepts gold for oil, gold price doubles to $3,600

 
Nexus-9

User ID: 75178015
United States
12/13/2022 12:10 PM
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If Russia accepts gold for oil, gold price doubles to $3,600
Putin might pull the ol switcheroo on the West to sidestep the $60 USD cap for Russian oil by only accepting gold for it.

Biden's strategy to deplete the US oil strategic reserve will backfire because he'll end up spending more rather than less to restock the reserve.

Also the West's digital money effort will have competition (and will lose) against a gold back currency.

This is economic warfare and it will probably go hot, because we all know all wars are banker wars.

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Mr. Lee

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12/13/2022 05:58 PM
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Re: If Russia accepts gold for oil, gold price doubles to $3,600
Could certainly happen. Gold futures are a picture perfect Inverse Head and Shoulder pattern. Target is anybody's guess, but exciting times for Gold (and Silver) for sure.

Come on Russia - just do it !!!
The truth is easy to remember.





GLP