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Re: This Is BAD... Russia is now well positioned to end rehypothecation...and end the petrodollar...and US as a world power.

By: Decomposed in 6TH POPE | Recommend this post (0)
Fri, 30 Dec 22 1:25 AM | 32 view(s)
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Msg. 38637 of 60008
(This msg. is a reply to 38635 by Decomposed)

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Re: “If the story is true - and I don't see why it shouldn't be since Russia is displeased with us right now - demand for physical gold is going to skyrocket.”Whew ~ It's hypothetical. Had me worried for a minute!







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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: This Is BAD... Russia is now well positioned to end rehypothecation...and end the petrodollar...and US as a world power.
By: Decomposed
in 6TH POPE
Thu, 29 Dec 22 11:54 PM
Msg. 38635 of 60008

fizzy:

Re: “The US will be *ecstatic*...not! Can you understand why not?”
Vedddddy interesting. It not only means that, at $60, oil is overpriced, but also that, at $1,800, gold is UNDERPRICED. Until this imbalance is resolved, every country in the world will try to buy as much gold as possible only to fork it over to Russia in exchange for the discounted oil.

Either oil is worth $30/barrel or gold is worth $3,600/oz.

If the story is true - and I don't see why it shouldn't be since Russia is displeased with us right now - demand for physical gold is going to skyrocket.

Great find. Thanks.






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