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  • Peter Grandich: Bullish on Oil, Uranium and Canadian Banks [View article]
    Oil could be the next thing. It could well be that that the surge in Oil last summer was the beginning of the end of the dollar as the World's reserve currency.

    Of course many are muting a return to the Gold Standard, but in today's World that does not seem to be too plausible?

    Gold has it advantageous before it is a finite resource and immutable, but if we listen to Newton and Einstein, so is Energy. Energy can, as all students of Natural Philosophy understand, neither be created or destroyed. It could therefore serve as a viable backing to paper money.

    Could it be that Saudi Real, or something akin to the Euro cobbled together by the World's Energy exporters be the New Reserve Currency? There is a compelling logic to it, and stranger things have happened.
    Feb 09 09:17 am |Rating: +2 -2 |Link to Comment
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