Forget Gold and Silver, Saudi Arabia And The U.S. Could Form The World’s Newest Oil Cartel – March 24, 2020,
Being that a lot of people are currently purchasing Gol and Silver hoping for their fiat currency value to skyrocket, they may want to consider reading this article below, which to me makes a bit of sense, I actually think this is a match made in heaven and ould also help Saudi Arabia to become more of a secular country.
However, in the real world of Politics, we have Democrats and currently, their social justice mission is to invest in solar and wind because they believe a because the global temperature rose 1 degree (I think) that we’re all going to die. Anyway, people like me who prefer peace and would prefer the standard of living rose worldwide would hope that the Oil and military superpowers could merge together to bring more economic prosperity to the world.
If read that Saudi Arabia and Russia are doing a little dog and pony show to get rid of their ever-increasing competition, however, who knows maybe this is a merger between Saudi Arabia and the Trump administration. I suspect that Trump will renegotiate America’s debts during his second term and nothing would be better during a rising interest rate environment than lower oil prices.
Trump has cut a lot of regulations which should give the U.S economy a tremendous boast over the rest of the world during a deflationary period. With that said, that’s doesn’t bode well for Gold and Silver which I suspect will have their prices skyrocket in the coming months as the economy rebounds and industrial demand for Gold and Silver begins to compete with retail demand.
If you don’t play your cards right during that coming rally you could get stuck with a stagnant Gold and Silver prices for a very long time. As I’ve stated in the past, money is better valued in an Oil Standard rather than a Gold Standard. In this modern tech economy, Gold and Silver need oil not the other way around! Anyway a good read below:
Saudi Arabia And The U.S. Could Form The World’s Newest Oil Cartel | oilprice.com
Interesting times ahead!