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I dont think it takes a conspiracy theorist to consider that the Arabs are thinking about a gold back currency.
Nov 16 10:10 am
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All Comments by Alex Stanczyk »What Does the Recent Saudi Gold Rush Mean? [View article]
Thats actually kind of old news.
If I was the Arabs, and saw a potential for a USD devaluation, which doesnt take a conspiracy theorist to realize is possible right now...my next thought would be to how I could protect myself from such an event.
A gold backed regional Arab currency would fit the bill quite well.
Make the world pay for oil in Dinars (gold backed) would effectively make the world pay for oil in gold.
Now that would be smart business, imo.