the incredible collapse of value of silver , page-20

When people, businesses or institutions whether in India Russia, China or Vietnam decide to buy or sell silver or gold they turn to the spot price to ascertain a value which Is In $us. they then convert this value into their own currency.

When a country decide to sell oil for gold they are giving gold a different Way of Measuring its value. This is a big no no as Iraq, Libya tried to do this and now it was stopped. FYI Iran is doing it right now' in fact, they are selling their oil in Roubles And RMB.