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ajosshi
Joined: 17 Jan 2011
Location: ajosshi.com
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 Posted: Sat Jan 28, 2012 3:19 pm Post subject: |
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| rollo wrote: |
| Really gold based trading well what would be the pricing unit for the oil. You can pay for the oil in any currency but it is priced in dollars. Think about how difficult it would be to trade in actual gold. But internet rumors about invasions. Did Europe invade Libya. italy and Germany had the bigest stake in Libyan oil. Again why would the pricing system change??? |
It would be done with gold certificates. The U.S. dollar is an IOU. |
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harryh
Joined: 16 Jan 2003
Location: south of Seoul
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Reggie
Joined: 21 Sep 2009
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| Posted: Sun Jan 29, 2012 4:29 am Post subject: |
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| India is buying its oil from Iran now using gold. |
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