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Re: de, what do you thinkof another?

By: meme in ROUND | Recommend this post (0)
Wed, 25 Jul 12 11:06 PM | 39 view(s)
Boardmark this board | De's Test Board 		Msg. 42849 of 45651
(This msg. is a reply to 42826 by Decomposed)
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http://en.wikipedia.org/wiki/Freegold

heis Rothchild and he would know

as i understand, teh deal was oil stayed cheap as long as gold in dollars was acceptbly cheap. the definistion of acceptbly is the question. oil has gone up and dollars down but they get more dollars for teh oil. so relatively gold is still cheap in the trade. maybe one day it wont be



"Our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil" -Ephesians (Paul)

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The above is a reply to the following message:
Re: de, what do you thinkof another?
By: Decomposed in ROUND
Wed, 25 Jul 12 5:52 PM 		Msg. 42826 of 45651

I hadn't ever heard of ANOTHER, meme. I started reading his posts at the link you provided, but as you know, there's a lot of material there.

All I've garnered so far is that starting in 1997, he was noting that the gold market had been cornered by certain oil producing nations, and that (if I understood it correctly), a rising gold price means that oil's price is falling (since the aforementioned oil producing nations are accepting gold for their oil.)

There seems to be an implication that the oil producing nations will not sell their oil if the price of gold rises too high. After all, that would mean that their oil is selling very cheaply, in gold terms. And yet, this last decade the gold price HAS risen without the oil producers refusing to sell their product. Does that show that ANOTHER is wrong?

I don't pretend to really understand what ANOTHER wrote, or agree with it. I haven't even read much of it yet. Wouldn't we know it by now if a significant amount of the world's gold had migrated to OPEC?

What's your take?

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