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Saudi Arabia not renewing Petrodollar agreement…..
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<blockquote data-quote="vantexan" data-source="post: 5923972" data-attributes="member: 24302"><p>There isn't enough gold and silver in the world to use directly as money. Saw an interesting video the other day. Well known financial advisor named Jim Rickards. He said if we go back to a gold backed currency the value of the gold the U.S. holds at Ft. Knox would have to be valued at $27k an ounce. By the way when we had a gold backed currency it was the government holding the gold, not the banks. You seem fixated on the banks for some reason.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5923972, member: 24302"] There isn't enough gold and silver in the world to use directly as money. Saw an interesting video the other day. Well known financial advisor named Jim Rickards. He said if we go back to a gold backed currency the value of the gold the U.S. holds at Ft. Knox would have to be valued at $27k an ounce. By the way when we had a gold backed currency it was the government holding the gold, not the banks. You seem fixated on the banks for some reason. [/QUOTE]
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