Anyone out there with deep knowledge of reserves each country has? There will be a rise in gold, so I would oil will drop relative to gold, but will skyrocket relative to currencies. Nations will have to tap places like the Comex, which will eventually expose the paper gold market being an empty shell, which will further explode the price of gold and silver.
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Just grasping at straws here…. But if Biden is refusing to accept Russian oil could it be he can’t afford to pay ?