kiwitrader2009

Will the New GCC Single Currency Include Gold?

If your customer is frantically buying your product but you believe he will shortly go broke, what would you do? The Arabs would prefer that - starting in the short-term - it would be good to have somewhere to park their greenbacks once they receive them in consideration for oil.

That way they keep selling oil until it runs out, but the proceeds are not exposed to a USD that is going to héll in a handcart.