gold, page-42824

The extent that non-US oil producers begin to sell oil for Yuan will determine the rate of decline of the petrodollar.
It might start slow, or we might get dramatic developments such as early Saudi acceptance of Yuan, and other countries following their lead.

On the down side, US reaction could include a major false flag event, severely ramped up sanctions and trade war or escalated military strikes in any trouble spots.

There are already signed deals between Saudi and Russia and China. My feeling is that the gold price will rapidly rise when the Saudis sell oil for Yuan and convert a substantial proportion to gold. At that point the London and COMEX gold price setting mechanism will become meaningless and they will lose control of the GP.
I think that will happen this year. Loss of control of the GP means (for the US) loss o of control of the value of the dollar against other currencies. Then Trump will have to step in to devalue the dollar domestically.
Not too many dull moments ahead.
23.