We also have a shit ton of refined petroleum products on reserve but this is more about the fiat currency system than the commodities. In the great reset, money is valued with a fiat system so I am excited to see oil prices going this high, economics has only become an interest of mine in the last decade so that's based on my novice opinion but I read years ago when I was trying to learn what "petro dollar" really meant , (this was around the time of the Iraq war after 911 ) that the petro dollar could withstand gas prices being $8 a gal. at the pump before it would collapse. If that is true you could adjust for inflation and see how high that number is now, or maybe inflation doesn't matter, but seeing Russia drop the petro dollar is a good sign in my opinion, this forces people to use their gold backed rubles to do business with them, for a country with a fiat system to spend rubles, they need to either print more money/create more debt or cough up actual gold or trade actual commodities. This accelerates the fall of the dollar and temporarily increases the value of commodities and in the end stabilizes their values.
Just look at what metals are doing, spot prices have gone up and premiums for silver are around 4-5 bucks per ounce at some of the best places to get it, much more if you go check a local dealer.
We also have a shit ton of refined petroleum products on reserve but this is more about the fiat currency system than the commodities. In the great reset, money is valued with a fiat system so I am excited to see oil prices going this high, economics has only become an interest of mine in the last decade so that's based on my novice opinion but I read years ago when I was trying to learn what "petro dollar" really meant , (this was around the time of the Iraq war after 911 ) that the petro dollar could withstand gas prices being $8 a gal. at the pump before it would collapse. If that is true you could adjust for inflation and see how high that number is now, or maybe inflation doesn't matter, but seeing Russia drop the petro dollar is a good sign in my opinion, this forces people to use their gold backed rubles to do business with them, for a country with a fiat system to spend rubles, they need to either print more money/create more debt or cough up actual gold or trade actual commodities. This accelerates the fall of the dollar and temporarily increases the value of commodities and in the end stabilizes their values. Just look at what metals are doing, spot prices have gone up and premiums for silver are around 4-5 bucks per ounce at some of the best places to get it, much more if you go check a local dealer.