Nice one. The above article focussed on the impact of interest rates and US debt on POG. Here are two reports that expand the focus to include the politics of international trade and the hegemony of reserve currencies.
"At an estimated $22 trillion trading value per year, the gold market dwarves turnover on the Dow Jones Industrial Index and that of the S&P 500 combined, German and UK government bonds and even some of the top currency pairs." (Source:http://www.mining.com/annual-gold-trade-reaches-22-trillion/)
"Since China fired its first ‘official’ shot across the Petrodollar bow a year ago, there has been an increasing groundswell of de-dollarization across the world’s energy trade (despite Washington’s exclamations of ‘isolated’ non-dollar transactors)."
(Source: http://www.globalresearch.ca/the-pe...troyer-in-irans-strait-of-hormuz-port/5403507)
In Gold we now trust. Cheers, R.
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