Loading ...Seems to me the Saudi’s are looking to sell oil for a weak currency, convertible to gold that is about to get a lot stronger.
It won’t help their situation of owning so many US Treasuries as the USD loses value, but it will be offset by Yuan/Gold.
Then again, every time I think I “know” something, turns out I know nothing. 🙂
I do think if the Saudi’s take Yuan in payment, the petrodollar is done, and knowing our idiot leaders that will probably mean more war.