Tag Archives: Petrogold : Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

Petrogold : Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar? – 13 February 2013

Petrogold-Are-Russia-And-China-Hoarding-Gold-Because-They-Plan-To-Kill-The-Petrodollar-300x138Will oil soon be traded in a currency that is thousands of years old?  What would a “gold for oil” system mean for the petrodollar and the U.S. economy?  Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar?  Since the 1970s, the U.S. dollar has been the currency that the international community has used to trade oil around the globe.  Continue reading