It begins!
Very interesting development. There is apparently a deal that has happened where two banks have made an agreement to use gold instead of dollars to trade in oil. The banks reportedly involved in this deal are India’s state owned UCO Bank and Turkey’s state owned Halkbank.
This is another sign that we are heading to a Gold Standard.
You can see the full article here:
http://www.forexcrunch.com/gold-for-oil-india-and-iran-ditch-dollar-report/
No comments:
Post a Comment