Actually Jeff oil will more than likely be traded for grain than gold. It wasn't that long ago this was occurring. A bushell of wheat from the US for a barrel of oil from the Saudis.
You want to believe gold is the physical commodity of choice for transactional settlements. The reality is there is a need for other commodities to fill that role first, particularly where the resource base for essentials is import dependent. You can't eat gold.
- Forums
- ASX - By Stock
- GOLD
- global gold demand slumps
global gold demand slumps , page-12
-
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online